The Friends of the J V Fletcher Library Inc is a 501(c)(3) organization based in Westford, Massachusetts, registered in 1988, with $444,832 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$445K
▲ 170.1% vs prior year
Expenses (FY2024)
$93K
Net assets
$964K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Friends of the J V Fletcher Library Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Friends of the J V Fletcher Library Inc: 125 mo reserves · +79% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Friends of the J V Fletcher Library Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Friends of the J V Fletcher Library Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $251K (FY2019) to $445K (FY2024) across 6 reported years.
Financial snapshot
Operating margin
79.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$965K
Total liabilities
$439
Net assets
$964K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $444,832▲170% | $92,709▲18.2% | $964,480▲61.6% | $964,919▲61.1% | 990 |
| 2023 | $164,702▲80.8% | $78,420▲20.8% | $596,884▲20.0% | $599,001▲20.4% | 990 |
| 2022 | $91,111▲0.3% | $64,944▼8.2% | $497,424▲2.9% | $497,424▲2.9% | 990EZ |
| 2021 | $90,857▲38.8% | $70,743▲3.4% | $483,224▲7.4% | $483,300▲7.4% | 990EZ |
| 2020 | $65,472▼73.9% | $68,411▼17.2% | $449,837▲0.9% | $449,837▲0.9% | 990EZ |
| 2019 | $250,907 | $82,669 | $445,990 | $445,990 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
4 grants to The Friends of the J V Fletcher Library Inc totaling $246K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $6,149 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $78,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $42,545 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $119,651 |
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Data for The Friends of the J V Fletcher Library Inc (EIN 22-2675998) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.