Quick charity verification for Skaneateles Library Association (EIN: 150533566)
Verdict: Skaneateles Library Association appears trustworthy
88/100Mission Score
$2.3MRevenue
$5.6MAssets
2Red Flags
5Strengths
Red Flags
Unusually low reported liabilities in some periods (e.g., $6,144 in 202209) compared to assets, which could indicate aggressive accounting or very efficient short-term financial management.
Lack of detailed expense breakdown in provided data makes it difficult to precisely determine program vs. administrative spending ratios without accessing full 990 forms.
Strengths
Strong financial health with consistent revenue exceeding expenses in most recent periods.
Significant asset growth, increasing from $2,819,323 in 202209 to $4,195,157 in 202309.
Consistent filing of IRS Form 990s, indicating good transparency and compliance.
No reported officer compensation across all filings, suggesting resources are potentially maximized for mission-related activities.
Low liabilities relative to assets, indicating strong solvency.
Spending Breakdown
How Skaneateles Library Association allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Skaneateles Library Association
Is Skaneateles Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Skaneateles Library Association (EIN: 150533566) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
Is Skaneateles Library Association a good charity to donate to?
Skaneateles Library Association has a Mission Score of 88/100. Revenue: $2.3M. Assets: $5.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Skaneateles Library Association?
The Employer Identification Number (EIN) for Skaneateles Library Association is 150533566. 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 Skaneateles Library Association spend its money?
Skaneateles Library Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Skaneateles Library Association's tax-exempt status?
You can verify Skaneateles Library Association's tax-exempt status using EIN 150533566 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 Skaneateles Library Association demonstrates a strong financial position, particularly in its most recent filing period (202309) where it reported revenue of $1,345,446 against expenses of $583,308, indicating a significant surplus. This trend of revenue exceeding expenses is generally positive, contributing to a healthy growth in assets, which increased from $2,819,323 in 202209 to $4,195,157 in 202309. The organization's liabilities have remained relatively low compared to its assets, suggesting good financial management and solvency.
The organization's transparency is commendable, as evidenced by its consistent filing of IRS Form 990s over 13 periods. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which could be a positive indicator of resource allocation directly to mission-related activities. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. The substantial increase in revenue and assets in the latest period warrants further investigation to understand the underlying drivers, such as major donations or capital campaigns.