Quick charity verification for Cold Spring Harbor Library (EIN: 111805335)
Verdict: Cold Spring Harbor Library appears trustworthy
85/100Mission Score
$3.3MRevenue
$9.4MAssets
1Red Flags
4Strengths
Red Flags
Gradual decline in total assets over the past decade (from $12.9M in 2015 to $9.8M in 2024)
Strengths
Consistent operational surpluses (e.g., $391,536 surplus in 2024)
Significant reduction in liabilities over time (from $5.8M in 2015 to $1.0M in 2024)
No reported officer compensation, indicating efficient use of funds for mission
Stable revenue streams over the past decade, consistently above $2.7M annually
Spending Breakdown
How Cold Spring Harbor Library allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Cold Spring Harbor Library
Is Cold Spring Harbor Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Cold Spring Harbor Library (EIN: 111805335) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Cold Spring Harbor Library a good charity to donate to?
Cold Spring Harbor Library has a Mission Score of 85/100. Revenue: $3.3M. Assets: $9.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cold Spring Harbor Library?
The Employer Identification Number (EIN) for Cold Spring Harbor Library is 111805335. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Cold Spring Harbor Library spend its money?
Cold Spring Harbor Library allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cold Spring Harbor Library's tax-exempt status?
You can verify Cold Spring Harbor Library's tax-exempt status using EIN 111805335 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Cold Spring Harbor Library demonstrates consistent financial operations with stable revenue and expenses over the past decade. The organization's assets have shown a gradual decline from a peak of $12,968,205 in 2015 to $9,820,626 in 2024, while liabilities have also decreased significantly from $5,828,783 to $1,026,452 over the same period. This reduction in liabilities suggests a strengthening of its balance sheet, despite the asset decline. The library consistently operates with a surplus, as seen in the 2024 period where revenue of $3,266,198 exceeded expenses of $2,874,662.
The organization's spending efficiency appears sound, as it consistently manages to keep expenses below revenue, indicating fiscal responsibility. The absence of reported officer compensation across all available filings suggests that executive leadership may be compensated through other means or that the organization relies heavily on volunteer leadership, which is a positive indicator for resource allocation directly to its mission. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is limited.
Transparency regarding executive compensation is high, with 0% reported for officer compensation in all available filings. While the overall financial health appears stable with consistent surpluses, the gradual decline in total assets warrants monitoring, though it is offset by a more significant reduction in liabilities, improving the organization's net asset position. Further detailed expense breakdowns would enhance the transparency assessment.