Quick charity verification for Queens Borough Public Library (EIN: 111904262)
Verdict: Queens Borough Public Library appears trustworthy
95/100Mission Score
$174.7MRevenue
$148.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $109.5M in 2014 to $163.6M in 2023.
Positive net income in all reported periods, demonstrating financial sustainability.
Significant asset growth from $74.7M to $132.3M over the last decade.
No reported officer compensation, indicating efficient use of funds for mission-related activities or alternative compensation structures.
Strong NTEE code (B700 - Libraries) aligns with public service mission.
Spending Breakdown
How Queens Borough Public 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 Queens Borough Public Library
Is Queens Borough Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Queens Borough Public Library (EIN: 111904262) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Queens Borough Public Library a good charity to donate to?
Queens Borough Public Library has a Mission Score of 95/100. Revenue: $174.7M. Assets: $148.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Queens Borough Public Library?
The Employer Identification Number (EIN) for Queens Borough Public Library is 111904262. 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 Queens Borough Public Library spend its money?
Queens Borough Public Library allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Queens Borough Public Library's tax-exempt status?
You can verify Queens Borough Public Library's tax-exempt status using EIN 111904262 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 Queens Borough Public Library demonstrates consistent financial health and growth over the past decade, with revenue steadily increasing from $109.5 million in 2014 to $163.6 million in 2023. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in all reported periods, contributing to a healthy growth in assets from $74.7 million to $132.3 million over the same timeframe. This indicates effective financial management and a sustainable operational model.
Spending efficiency appears strong, with expenses consistently below revenue, suggesting prudent use of funds. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, indicating that executive leadership is not compensated through the organization's direct funds, which can be a positive indicator for donor confidence and resource allocation towards programs. This structure, common for government-affiliated entities, inherently promotes a high degree of financial transparency regarding executive pay.
Overall, the Queens Borough Public Library exhibits robust financial health, efficient spending practices, and a high level of transparency, particularly concerning executive compensation. Its consistent growth in revenue and assets, coupled with a lack of direct officer compensation, paints a picture of a well-managed and publicly accountable institution dedicated to its mission.