Is Brooksville Free Public Library Inc Legit?

Brooksville Free Public Library Inc demonstrates consistent financial health with a strong asset base and prudent spending. In the latest filing (202312), the organization reported revenues of $138,503 against expenses of $78,107, indicating a healthy surplus that contributes to its growing assets, which stood at $507,055. The organization consistently maintains zero liabilities, reflecting excellent financial management and a lack of debt. Its program spending appears robust, given the nature of a public library, and the absence of officer compensation suggests a volunteer-driven or very lean administrative structure, enhancing its efficiency. The library's revenue has fluctuated over the years, from a low of $39,144 in 2011 to a high of $138,503 in 2023, but it has generally maintained a positive net income, allowing for steady asset growth from $214,680 in 2011 to over half a million dollars. This consistent growth in assets, coupled with minimal expenses relative to revenue in most years, points to a well-managed and financially stable entity. The organization's transparency is high, as evidenced by its consistent IRS 990 filings and the clear financial picture they present, particularly the absence of liabilities and officer compensation. Overall, Brooksville Free Public Library Inc appears to be a financially sound and efficiently run organization. Its ability to operate without executive compensation and maintain a strong asset base while delivering its services to the community is commendable. The consistent positive net income and zero liabilities are strong indicators of responsible financial stewardship.