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Friends of the Tarpon Springs Public Library Inc

EIN 59-2696714 · Tarpon Spgs, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceWeak48 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THIS ORGANIZATION EXISTS TO SUPPORT AWARENESS OF AND PROGRAMS FOR THE TARPON SPRINGS PUBLIC LIBRARY IN TARPON SPRINGS, FLORIDA.

Income
$312,837
Spending
$98,038
Spent on programs
91%
Reserves
84.8 months of spending
Largest source of income
donations and private grants, 85%
Employees
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 85% of charities in its peer group (education, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 84.8 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 69% of income.

  • Income trend

    15 of 15

    Income rose 586% on the year before.

  • Spending floor

    15 of 15

    91% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 48 out of 100. Higher than 17% of charities in its peer group (education, $250k to $1m).

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $1,957 spent. ADULT PROGRAMS: FUNDING FOR SPEAKERS, INSTRUCTORS AND MATERIALS TO PROVIDE PROGRAMS THE LIBRARY OFFERS TO SENIOR CITIZENS.
  2. TARPON SPRINGS LIBRARY GRANTS: DIRECT SUPPORT OF LITERACY PROGRAMS OFFERED BY TARPON SPRINGS LIBRARY.
  3. $87,000 spent. BUSINESS CENTER: PROVIDE SIGHT COURSES, REFERENCE MATERIALS, ONLINE DATA BASES, AND OTHER RELATED MATERIALS USED TO INVEST, DEVELOP, MARKET AND IMPROVE AREA BUSINESSES OFFERED AT THE TARPON SPRINGS PUBLIC LIBRARY. ALSO PROVIDE REFERENCE MATERIALS FOR INVESTORS.
  4. YOUTH PROGRAMS & SCHOLARSHIPS: ACTIVITIES TO BRING CHILDREN INTO THE LIBRARY AND TO PROMOTE LITERACY AND CULTURAL EXPANSION. SOME SPECIFIC EXAMPLES ARE BOOKS FOR DISTRIBUTION AT THE TOWN HOLIDAY PARADE, CRATE ITEMS FOR TEEN EVENTS, FEES FOR THEATRICAL PRESENTATIONS. ALSO, TARPON SPRINGS AREA HIGH SCHOOL STUDENTS COMPETE FOR SCHOLASTIC RECOGNITION AND SCHOLARSHIPS PRESENTED BY THE TARPON SPRINGS LIBRARY. VOLUNTEER RECOGNITION: THE FRIENDS FUND HALF OF THE COST OF RECOGNITION OF VOLUNTEERS WHO HAVE WORKED IN EITHER THE LIBRARY OR FRIENDS OF THE LIBRARY EVENTS OR ACTIVITIES THROUGHOUT THE YEAR. EXPENSES INCLUDE REFRESHMENTS AND SMALL GIFTS.
  5. YOUTH PROGRAMS & SCHOLARSHIPS: ACTIVITIES TO BRING CHILDREN INTO THE LIBRARY AND TO PROMOTE LITERACY AND CULTURAL EXPANSION. SOME SPECIFIC EXAMPLES ARE BOOKS FOR DISTRIBUTION AT THE TOWN HOLIDAY PARADE, CRATE ITEMS FOR TEEN EVENTS, FEES FOR THEATRICAL PRESENTATIONS. ALSO, TARPON SPRINGS AREA HIGH SCHOOL STUDENTS COMPETE FOR SCHOLASTIC RECOGNITION AND SCHOLARSHIPS PRESENTED BY THE TARPON SPRINGS LIBRARY. VOLUNTEER RECOGNITION: THE FRIENDS FUND HALF OF THE COST OF RECOGNITION OF VOLUNTEERS WHO HAVE WORKED IN EITHER THE LIBRARY OR FRIENDS OF THE LIBRARY EVENTS OR ACTIVITIES THROUGHOUT THE YEAR. EXPENSES INCLUDE REFRESHMENTS AND SMALL GIFTS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.