AI Transparency Report
Suffern Free Library demonstrates consistent financial health with a steady increase in assets and revenue over the past decade. For instance, assets grew from $7,660,520 in 2015 to $8,209,363 in 2024, while revenue increased from $3,033,446 to $3,653,772 in the same period. The organization consistently spends a high proportion of its expenses on program services, indicating efficient use of funds towards its mission. With no reported officer compensation across all filings, the library exhibits strong financial transparency and a commitment to directing resources to its operational goals rather than executive salaries. The consistent positive net income, such as $735,398 in 2024 ($3,653,772 revenue - $2,918,374 expenses), further solidifies its stable financial position.