Consistent operational deficits in the last two reported periods (2022 and 2023), where expenses exceeded revenue by $212,032 and $142,614 respectively.
Significant fluctuation in annual revenue, making future financial planning potentially challenging.
Strengths
Substantial asset base ($9,355,290) providing long-term financial stability.
Consistent IRS 990 filing history (13 filings), indicating good transparency.
Reported 0% officer compensation across all available filings, suggesting efficient use of funds for mission-related activities.
Strong NTEE code (B71Z - Libraries; Other) aligns with a clear community service mission.
Spending Breakdown
How Quogue Free Library Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Quogue Free Library Inc
Is Quogue Free Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Quogue Free Library Inc (EIN: 112123274) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Quogue Free Library Inc a good charity to donate to?
Quogue Free Library Inc has a Mission Score of 85/100. Revenue: $1.7M. Assets: $9.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Quogue Free Library Inc?
The Employer Identification Number (EIN) for Quogue Free Library Inc is 112123274. 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 Quogue Free Library Inc spend its money?
Quogue Free Library Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Quogue Free Library Inc's tax-exempt status?
You can verify Quogue Free Library Inc's tax-exempt status using EIN 112123274 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
Quogue Free Library Inc demonstrates a generally stable financial position with significant assets, though recent years show expenses exceeding revenue. In 2023, expenses were $1,626,681 against revenues of $1,484,067, indicating a deficit. This trend is also visible in 2022, where expenses of $1,622,293 surpassed revenues of $1,410,261. While the organization holds substantial assets, totaling $9,355,290 in the latest period, the consistent operational deficit could be a concern if not addressed by future revenue growth or expense adjustments. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, and the reported 0% officer compensation suggests a volunteer-led or minimally compensated leadership structure, which can be a positive indicator of resource allocation towards its mission.