Uncategorized IRS Verified DX Registered 990 on File

FRIENDS OF THE PALACIOS LIBRARY INC

EIN: 76-0268882 · PALACIOS, TX 77465-0002 · United States · FY 2022 Data

4 out of 5 71 / 100 Based on one year of filings

Financial strength (30%) 73/100

Reliability (20%) 55/100

Effectiveness (25%) 73/100

Impact (25%) 80/100

Financial data: FY 2022 · Scored 9/13/2026

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Mission Statement

Organization mission statement As Friends of the Palacios Library, we believe in the transformative power of libraries to uplift communities and individuals. By ensuring access to information, fostering a love of reading, and promoting educational success, we strive to empower our community and shape a brighter future for Palacios, Blessing, and the surrounding areas.

Financial Overview — FY 2022

$183K

Total Revenue

$33K

Total Expenses

$153K

Net Assets

N/A

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 135.1%

Fundraising Efficiency 14.0%

Operating Reserve 55.79x

Liability-to-Asset N/A

Revenue Diversification 61.1%

Compared with Peers

Peer comparison is not available for this organization.

Impact

1 program

Outcome / Program	People Served	Cost / Service	# Completed	Duration
Internet Provided for Community at the Library	10,000	$1.00	—	Per Year

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Organization Details

EIN: 76-0268882
State: TX
City: PALACIOS
ZIP: 77465-0002
Rating: 4★
Coverage: B
Last Updated: Aug 2026
IRS Ruling Year: 2015
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
An organization that is not in good standing with its registry (for example a revoked tax exemption) is shown as Not rated.
"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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