Quick charity verification for New City Library (EIN: 131862482)
Verdict: New City Library appears trustworthy
85/100Mission Score
$6.4MRevenue
$18.9MAssets
1Red Flags
4Strengths
Red Flags
Rapid increase in liabilities from $421,776 in 2021 to $9,891,693 in 2023, which needs further explanation.
Strengths
Consistent high program spending ratio (75% in 2023).
Steady revenue growth over the past decade, from $5,091,290 in 2014 to $6,136,764 in 2023.
Zero reported officer compensation, indicating strong commitment to mission-first spending.
Significant asset growth, from $5,199,682 in 2014 to $21,419,100 in 2023.
Spending Breakdown
How New City Library allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 New City Library
Is New City Library a legitimate charity?
Based on AI analysis of IRS 990 filings, New City Library (EIN: 131862482) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is New City Library a good charity to donate to?
New City Library has a Mission Score of 85/100. Revenue: $6.4M. Assets: $18.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New City Library?
The Employer Identification Number (EIN) for New City Library is 131862482. 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 New City Library spend its money?
New City Library allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New City Library's tax-exempt status?
You can verify New City Library's tax-exempt status using EIN 131862482 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
New City Library demonstrates consistent financial growth and strong program spending over the past decade. Revenue has steadily increased from $5,091,290 in 2014 to $6,136,764 in 2023, indicating stable community support. The organization consistently spends a high proportion of its expenses on programs, with 75% allocated in the latest period, suggesting efficient use of funds towards its mission.
While the organization's assets have grown significantly, particularly from $9,285,638 in 2021 to $21,419,100 in 2023, its liabilities have also seen a substantial increase, reaching $9,891,693 in 2023. This rapid increase in liabilities, especially in recent years, warrants closer examination to understand its nature and potential impact on long-term financial stability.
Transparency appears strong regarding executive compensation, as the filings consistently report 0% officer compensation, indicating that the highest-ranking individuals are not drawing salaries from the organization. This practice enhances public trust and ensures more funds are directed towards library services.