Quick charity verification for Harrison Village Library (EIN: 16013774)
Verdict: Harrison Village Library appears trustworthy
92/100Mission Score
$157KRevenue
$492KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth (from $64,539 in 2014 to $120,725 in 2023)
Strong asset accumulation (from $376,651 in 2014 to $460,291 in 2023)
Zero officer compensation across all reported periods
Very low to zero liabilities, indicating sound financial management
Consistent IRS 990 filing history (13 filings) demonstrating transparency
Spending Breakdown
How Harrison Village Library allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Harrison Village Library
Is Harrison Village Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Harrison Village Library (EIN: 16013774) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Harrison Village Library a good charity to donate to?
Harrison Village Library has a Mission Score of 92/100. Revenue: $157K. Assets: $492K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harrison Village Library?
The Employer Identification Number (EIN) for Harrison Village Library is 16013774. 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 Harrison Village Library spend its money?
Harrison Village Library allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harrison Village Library's tax-exempt status?
You can verify Harrison Village Library's tax-exempt status using EIN 16013774 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
Harrison Village Library demonstrates consistent financial growth and strong asset accumulation over the past decade. Revenue has steadily increased from $64,539 in 2014 to $120,725 in 2023, with assets growing from $376,651 to $460,291 in the same period. The organization consistently reports zero officer compensation, indicating a volunteer-driven leadership structure which is a positive sign for donor confidence and efficient use of funds. Their liabilities have remained very low, often at zero, suggesting sound financial management and minimal debt burden.
The library's spending efficiency appears robust, with expenses generally below revenue in recent years, allowing for asset growth. For instance, in 2023, expenses were $98,936 against revenues of $120,725. The absence of reported officer compensation further enhances their spending efficiency. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial health, marked by increasing revenue, growing assets, and minimal liabilities, suggests a well-managed and financially stable organization.
Transparency is high given the consistent filing of IRS Form 990s over 13 periods and the clear reporting of key financial metrics. The lack of officer compensation is a significant transparency indicator, showing that leadership is not drawing salaries from the organization's funds. This commitment to volunteer leadership and consistent financial reporting contributes to a positive assessment of their transparency.