Tool Library Inc

Tool Library Inc is a registered community development nonprofit based in Buffalo, NY, United States. It is registered with the Internal Revenue Service (IRS). It was founded in 2018 and has been operating for 8 years. Its EIN is 823550585. According to GiveRadar's records, it holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. GiveRadar's Integrity Assessment for the organization is 74/100, which reflects how much public information is available, not whether the charity is legitimate. The organization reports $762K in annual revenue. 90 officers and directors are publicly disclosed. GiveRadar has identified 1 potential concern.

Tool Library Inc's EIN (Employer Identification Number) is 823550585. This is the organization's IRS tax identification number; you can use it to verify tax-exempt status and to look up its Form 990 filings with the IRS.

Tool Library Inc has a GiveRadar Integrity Assessment of 74/100. This score combines five components: Registration (20 pts), Financial Transparency (30 pts), Governance (20 pts), Contact Availability (10 pts), and Data Recency (20 pts), with negative adjustments for any red flags. A score of 74 ('Strong transparency') reflects well-documented governance, recent financials, named leadership, and working contact details. The charity allocates 82% of expenses to programs, which contributes positively to its score. For comparison, the average integrity assessment for community development charities in United States is 90/100.

Tool Library Inc is located in Buffalo, NY, United States. The organization was established in 2018 and has been active for 8 years.

Based on official tax filings, Tool Library Inc has $762K in annual revenue. It allocates 82% of expenses to programs and services. This is in line with the average of 81% for community development charities in United States. Its revenue is below the peer average of $3M. Create a free GiveRadar account to view the complete financial breakdown with year-over-year trends.

Tool Library Inc is classified as a Community Development organization, registered in United States. It operates as a Supporting organization (509(a)(3)). By size, it is categorized as a medium organization. It has $762K in annual revenue. The organization has 90 disclosed officers and directors.

GiveRadar has identified 1 potential concern for Tool Library Inc. Red flags are automatically detected from official data and may include high executive compensation relative to budget, low program spending, or missing financial filings. Red flags do not necessarily mean wrongdoing but indicate areas that may warrant further review before donating.

According to GiveRadar's records, Tool Library Inc holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. It is registered with the Internal Revenue Service (IRS). It reports that 82% of expenses go to programs (the peer average is 81%). You can donate directly through their official donation page linked on their GiveRadar profile. GiveRadar provides data for research and does not endorse any organization. A GiveRadar Integrity Assessment reflects how much public data is available, not whether an organization is safe to donate to, so it is always smart to do your own research before giving.

Tool Lending Program 1,170 active members borrowed 4,520 tools in 14,554 transactions for 2022. These borrowed tools provided $587,355 in savings to our community and contributed to our charitable purpose of combating neighborhood blight by providing tools, equipment and resources to the community. Service Days - 12 events in 2022 brought together 460 volunteers and a total of 1,360 volunteer hours. As a whole 3,150 bulbs and 52 trees were planted. These community beautification efforts contribute to our efforts of combating neighborhood blight. Dare to Repair events in 2022 had 145 participants who were aided by 38 volunteers to work on 102 items which otherwise would have become waste. There... Tool Library Inc is classified as a community development organization registered in United States. The organization was founded in 2018.

Among community development charities registered in United States: It allocates 82% of expenses to programs, in line with the peer average of 81%. Its annual revenue of $762K is below the peer average of $3M.

Yes, donations to Tool Library Inc are generally tax-deductible in the United States. Tool Library Inc is a 501(c)(3) tax-exempt organization. Its EIN is 823550585, which you can use for tax filing purposes. Donors can typically deduct contributions on their federal income tax return if they itemize deductions. Consult a tax professional for guidance specific to your situation.