Brooklyn Town Library Association
Brooklyn Town Library Association: Consistent Operations, Limited Growth
EIN: 222485591 · Brooklyn, CT · Updated: 2026-04-04
Is Brooklyn Town Library Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brooklyn Town Library Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brooklyn Town Library Association
Brooklyn Town Library Association (EIN: 222485591) is a nonprofit organization based in Brooklyn, CT. The organization reported total revenue of $172K and total assets of $308K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Town Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Town Library Association is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $180K |
| Total Expenses | $147K |
| Surplus / Deficit | +$33K |
| Total Assets | $282K |
| Total Liabilities | $2K |
| Net Assets | $280K |
| Operating Margin | 18.4% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 23.1 months |
Financial Health Grade: A
In 2024, Brooklyn Town Library Association reported a surplus of $33K with revenue exceeding expenses, holds 23.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Brooklyn Town Library Association's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.6% | +15.5% | +13.0% |
| 2023 | -3.7% | -23.0% | +14.8% |
| 2022 | -9.2% | +38.5% | -6.8% |
| 2021 | +36.6% | -6.7% | +37.5% |
| 2020 | -5.1% | -11.3% | -15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brooklyn Town Library Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Brooklyn Town Library Association allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Brooklyn Town Library Association's IRS 990 filings:
- Lack of detailed program spending breakdown beyond general expenses.
- No information on executive compensation, making it difficult to assess fairness and efficiency.
- Limited growth in revenue and assets over the past several years, suggesting potential stagnation.
Strengths
The following positive indicators were identified for Brooklyn Town Library Association:
- Consistent annual revenue generation, indicating stable community support.
- Maintains a healthy asset base relative to its revenue, suggesting financial prudence.
- Low or zero reported lobbying expenses ('l'), indicating a focus on direct services rather than advocacy.
Frequently Asked Questions about Brooklyn Town Library Association
Is Brooklyn Town Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Brooklyn Town Library Association (EIN: 222485591) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Brooklyn Town Library Association spend its money?
Brooklyn Town Library Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brooklyn Town Library Association tax-deductible?
Brooklyn Town Library Association is registered as a tax-exempt nonprofit (EIN: 222485591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Brooklyn Town Library Association do?
Brooklyn Town Library Association is a nonprofit organization in the Unknown sector, located in Brooklyn, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Brooklyn Town Library Association have?
Brooklyn Town Library Association reported total revenue of $171,610. Based on 13 IRS 990 filings on record.
What are Brooklyn Town Library Association's total assets?
Brooklyn Town Library Association holds total assets of $307,859 as reported in IRS 990 filings.
Where is Brooklyn Town Library Association located?
Brooklyn Town Library Association is based in Brooklyn, Connecticut.
What is Brooklyn Town Library Association's EIN?
Brooklyn Town Library Association's Employer Identification Number (EIN) is 222485591. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Brooklyn Town Library Association?
Brooklyn Town Library Association is classified under NTEE code Unknown (Unknown).
Is Brooklyn Town Library Association a registered 501(c)(3)?
Brooklyn Town Library Association appears in IRS records (EIN: 222485591). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Brooklyn Town Library Association file IRS Form 990?
Yes, Brooklyn Town Library Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Brooklyn Town Library Association's revenue in 2024?
In the 202406 filing period, Brooklyn Town Library Association reported total revenue of $179,558, total expenses of $146,587, and net assets of $281,670.
Is Brooklyn Town Library Association's revenue growing or declining?
Brooklyn Town Library Association's revenue is growing. Revenue went from $159,502 (202306) to $179,558 (202406), a +12.6% change. Based on 13 filings on record.
What is Brooklyn Town Library Association's most recent 990 filing?
The most recent IRS Form 990 filing for Brooklyn Town Library Association covers tax period 202406. It shows revenue of $179,558, expenses of $146,587, total assets of $281,670, and liabilities of $1,913.
How much does Brooklyn Town Library Association spend on programs vs administration?
Based on IRS 990 analysis, Brooklyn Town Library Association allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Brooklyn Town Library Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Brooklyn Town Library Association appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Brooklyn Town Library Association?
The following concerns were identified: Lack of detailed program spending breakdown beyond general expenses.. No information on executive compensation, making it difficult to assess fairness and efficiency.. Limited growth in revenue and assets over the past several years, suggesting potential stagnation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Brooklyn Town Library Association's strengths?
Positive indicators for Brooklyn Town Library Association include: Consistent annual revenue generation, indicating stable community support.. Maintains a healthy asset base relative to its revenue, suggesting financial prudence.. Low or zero reported lobbying expenses ('l'), indicating a focus on direct services rather than advocacy.. These findings are derived from AI analysis of the organization's financial filings.
How does Brooklyn Town Library Association compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and expense figures, what strategies are in place to drive significant growth in community engagement or service offerings?
The provided data does not offer insights into growth strategies. The consistent financial figures suggest a stable operational model, but without program-specific data, it's unclear if there are initiatives to expand reach or services beyond maintaining current operations.
How does the Brooklyn Town Library Association ensure its spending directly translates into measurable community impact, given the absence of detailed program reporting?
Based solely on the provided financial data, it's challenging to directly link spending to measurable community impact. The 'x' (expenses) figures are general, and without specific program reports or impact metrics, the effectiveness of spending on community benefit remains an assumption.
Filing History
IRS 990 filing history for Brooklyn Town Library Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Brooklyn Town Library Association's revenue has grown by 49.8%, moving from $120K to $180K. Total assets increased by 40% over the same period, from $201K to $282K. Total functional expenses rose by 19.1%, from $123K to $147K. In its most recent filing year (2024), Brooklyn Town Library Association reported a surplus of $33K, with revenue exceeding expenses. The organization holds $2K in liabilities against $282K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $280K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $180K | $147K | $282K | $2K | — | — |
| 2023 | $160K | $127K | $249K | $2K | — | View 990 |
| 2022 | $166K | $165K | $217K | $3K | — | View 990 |
| 2021 | $182K | $119K | $233K | $20K | — | View 990 |
| 2020 | $134K | $127K | $169K | $19K | — | View 990 |
| 2019 | $141K | $144K | $200K | $0 | — | View 990 |
| 2018 | $141K | $134K | $203K | $0 | — | View 990 |
| 2017 | $140K | $145K | $197K | $0 | — | View 990 |
| 2016 | $144K | $136K | $202K | $0 | — | View 990 |
| 2015 | $134K | $131K | $194K | $0 | — | View 990 |
| 2014 | $124K | $126K | $191K | $0 | — | View 990 |
| 2013 | $120K | $128K | $193K | $0 | — | View 990 |
| 2012 | $120K | $123K | $201K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $180K, expenses of $147K, and assets of $282K (revenue +12.6% year-over-year).
- 2023: Revenue of $160K, expenses of $127K, and assets of $249K (revenue -3.7% year-over-year).
- 2022: Revenue of $166K, expenses of $165K, and assets of $217K (revenue -9.2% year-over-year).
- 2021: Revenue of $182K, expenses of $119K, and assets of $233K (revenue +36.6% year-over-year).
- 2020: Revenue of $134K, expenses of $127K, and assets of $169K (revenue -5.1% year-over-year).
- 2019: Revenue of $141K, expenses of $144K, and assets of $200K (revenue +-0.0% year-over-year).
- 2018: Revenue of $141K, expenses of $134K, and assets of $203K (revenue +0.6% year-over-year).
- 2017: Revenue of $140K, expenses of $145K, and assets of $197K (revenue -2.8% year-over-year).
- 2016: Revenue of $144K, expenses of $136K, and assets of $202K (revenue +7.8% year-over-year).
- 2015: Revenue of $134K, expenses of $131K, and assets of $194K (revenue +7.7% year-over-year).
- 2014: Revenue of $124K, expenses of $126K, and assets of $191K (revenue +3.5% year-over-year).
- 2013: Revenue of $120K, expenses of $128K, and assets of $193K (revenue -0.1% year-over-year).
- 2012: Revenue of $120K, expenses of $123K, and assets of $201K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Town Library Association:
Data Sources and Methodology
This transparency report for Brooklyn Town Library Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.