Quick charity verification for Queens Library Foundation Inc (EIN: 113009405)
Verdict: Queens Library Foundation Inc appears trustworthy
85/100Mission Score
$7.8MRevenue
$24.4MAssets
2Red Flags
4Strengths
Red Flags
Recurring operational deficits in recent years (e.g., 2023 expenses $4.6M vs revenue $2.7M)
Lack of detailed spending breakdown (program, admin, fundraising) in provided data to fully assess efficiency.
Strengths
Consistent growth in assets over the past decade (from $16.2M in 2014 to $22.2M in 2023)
Zero reported officer compensation across all filings, indicating high resource allocation to mission or volunteer leadership.
Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Strong asset base provides financial stability despite operational fluctuations.
Spending Breakdown
How Queens Library Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Queens Library Foundation Inc
Is Queens Library Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Queens Library Foundation Inc (EIN: 113009405) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Queens Library Foundation Inc a good charity to donate to?
Queens Library Foundation Inc has a Mission Score of 85/100. Revenue: $7.8M. Assets: $24.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Queens Library Foundation Inc?
The Employer Identification Number (EIN) for Queens Library Foundation Inc is 113009405. 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 Library Foundation Inc spend its money?
Queens Library Foundation Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Queens Library Foundation Inc's tax-exempt status?
You can verify Queens Library Foundation Inc's tax-exempt status using EIN 113009405 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 Library Foundation Inc. demonstrates a fluctuating financial performance over the past decade, with recent years showing a trend of expenses exceeding revenue. For instance, in fiscal year 2023, expenses were $4,667,087 against revenues of $2,744,295, indicating a deficit. This pattern was also observed in 2020, 2019, 2017, and 2016. Despite these operational deficits, the organization has maintained a healthy asset base, growing from $16,205,974 in 2014 to $22,275,764 in 2023, suggesting strong underlying financial stability, likely from prior surpluses or investment gains. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay and a commitment to directing funds towards the mission rather than high salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The organization's consistent filing of IRS Form 990s over 13 periods reflects a commitment to regulatory compliance and transparency.