Unusual 0% officer compensation reported for an organization of this size, which may obscure actual executive remuneration if paid by a related entity or through other means.
Strengths
Consistent revenue growth, increasing from $3.56 million in 2015 to $4.89 million in 2024.
Strong asset accumulation, with assets nearly doubling from $4.96 million in 2015 to $9.86 million in 2024.
Expenses consistently below revenue, demonstrating sound financial management and ability to build reserves.
High transparency with 14 years of publicly available IRS 990 filings.
No reported officer compensation, suggesting a high proportion of funds may be directed to programs and operations.
Spending Breakdown
How Riverhead Free Library allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Riverhead Free Library
Is Riverhead Free Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Riverhead Free Library (EIN: 111897225) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Riverhead Free Library a good charity to donate to?
Riverhead Free Library has a Mission Score of 92/100. Revenue: $5.8M. Assets: $10.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Riverhead Free Library?
The Employer Identification Number (EIN) for Riverhead Free Library is 111897225. 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 Riverhead Free Library spend its money?
Riverhead Free Library allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Riverhead Free Library's tax-exempt status?
You can verify Riverhead Free Library's tax-exempt status using EIN 111897225 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
Riverhead Free Library demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, its revenue has steadily increased from $3.56 million in 2015 to $4.89 million in 2024, with assets growing significantly from $4.96 million to $9.86 million in the same period. The organization consistently manages its expenses below its revenue, as seen in the 2024 filing where expenses were $4.19 million against $4.89 million in revenue, indicating sound financial management and the ability to build reserves.
The library's spending efficiency is commendable, particularly given the nature of library services which are inherently program-focused. While specific program, administrative, and fundraising breakdowns are not provided in the summary data, the absence of reported officer compensation suggests that a significant portion of funds is likely directed towards operational and programmatic activities rather than executive salaries. The consistent growth in assets also points to effective resource accumulation for future services and infrastructure.
Transparency is high, as evidenced by the availability of 14 years of IRS 990 filings and the explicit reporting of 0% officer compensation across all periods. This level of detail allows for thorough public scrutiny and demonstrates a commitment to open financial practices. The consistent positive net assets further reinforce the organization's long-term sustainability and responsible stewardship of public funds.