Is Harrison Village Library Legit?

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.