Is Great Neck Library Legit?

Quick charity verification for Great Neck Library (EIN: 111855653)

Verdict: Great Neck Library appears trustworthy

85/100Mission Score

$10.6MRevenue

$33.5MAssets

2Red Flags

3Strengths

Red Flags

Operational deficit in the latest filing (202306) where expenses ($10,392,005) exceeded revenue ($10,072,941).
Significant expense fluctuation, particularly the spike to $17,661,926 in 201606, without immediate context.

Strengths

Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
Substantial and growing asset base, reaching $33,426,863 in 202306, providing financial stability.
Strong revenue generation, consistently above $10 million in recent years (excluding 201206).

Spending Breakdown

How Great Neck 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

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 Great Neck Library

Is Great Neck Library a legitimate charity?

Based on AI analysis of IRS 990 filings, Great Neck Library (EIN: 111855653) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is Great Neck Library a good charity to donate to?

Great Neck Library has a Mission Score of 85/100. Revenue: $10.6M. Assets: $33.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Great Neck Library?

The Employer Identification Number (EIN) for Great Neck Library is 111855653. 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 Great Neck Library spend its money?

Great Neck Library allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Great Neck Library's tax-exempt status?

You can verify Great Neck Library's tax-exempt status using EIN 111855653 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

The Great Neck Library demonstrates a generally stable financial position with significant assets. In the latest filing (202306), the organization reported revenues of $10,072,941 against expenses of $10,392,005, indicating a slight operational deficit for that period. However, its total assets stand at $33,426,863, far exceeding its liabilities of $20,828,440, suggesting a healthy balance sheet. The library's revenue has fluctuated over the years, with a notable peak in 202206 at $11,637,861 and a significant expense spike in 201606 to $17,661,926, which warrants further investigation into the nature of those expenses. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for spending efficiency and transparency.

Given the nature of a public library, a significant portion of its expenses would typically be program-related (e.g., library services, materials, staff). Without a detailed breakdown of expenses from the 990, it's challenging to precisely determine the program spending ratio. However, the consistent asset growth from $7,678,662 in 201112 to over $33 million in 202306, alongside substantial revenue figures, suggests a well-resourced organization capable of delivering on its mission. The absence of officer compensation is a strong indicator of financial prudence and transparency regarding leadership remuneration.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.