Quick charity verification for Mohawk Valley Library System (EIN: 141458888)
Verdict: Mohawk Valley Library System appears trustworthy
92/100Mission Score
$2.0MRevenue
$1.7MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue by $218,800 in the 202312 period, which warrants monitoring for future trends.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus.
Steady growth in assets, nearly doubling from $735,277 in 2014 to $1,330,822 in 2023.
Zero liabilities reported in most filing periods, demonstrating strong financial management.
Stable revenue streams generally covering expenses over a 10-year period.
AI Transparency Report
The Mohawk Valley Library System demonstrates consistent financial operations, with revenues generally exceeding or closely matching expenses over the past decade. While the latest filing (202312) shows expenses exceeding revenue by $218,800, this appears to be an anomaly in an otherwise stable trend. The organization consistently reports zero liabilities in most years, indicating strong financial management and a lack of significant debt. Their assets have shown steady growth, nearly doubling from $735,277 in 2014 to $1,330,822 in 2023, suggesting prudent financial stewardship and capacity building. The consistent reporting of 0% officer compensation across all filings indicates a high degree of transparency and a commitment to directing funds towards the organization's mission rather than executive salaries.