Cold Spring Harbor Library

Is Cold Spring Harbor Library Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Cold Spring Harbor Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Cold Spring Harbor Library

Cold Spring Harbor Library (EIN: 111805335) is a nonprofit organization based in Cold Spg Hbr, NY, classified under NTEE code B71Z. The organization reported total revenue of $3.3M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cold Spring Harbor Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cold Spring Harbor Library with a Mission Score of 85 out of 100 (Excellent). 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: 85%
• fundraising: 5%

According to IRS 990 filings, Cold Spring Harbor Library allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating either volunteer leadership or compensation structured in a way not reported as 'officer compensation' on the 990, which is highly favorable for resource allocation to the organization's mission.

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 Cold Spring Harbor Library's IRS 990 filings:

• Gradual decline in total assets over the past decade (from $12.9M in 2015 to $9.8M in 2024)

Strengths

The following positive indicators were identified for Cold Spring Harbor Library:

• Consistent operational surpluses (e.g., $391,536 surplus in 2024)
• Significant reduction in liabilities over time (from $5.8M in 2015 to $1.0M in 2024)
• No reported officer compensation, indicating efficient use of funds for mission
• Stable revenue streams over the past decade, consistently above $2.7M annually

Frequently Asked Questions about Cold Spring Harbor Library

Filing History

IRS 990 filing history for Cold Spring Harbor Library showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Cold Spring Harbor Library's revenue has grown by 18.8%, moving from $2.7M to $3.3M. Total assets decreased by 29.8% over the same period, from $14.0M to $9.8M. Total functional expenses rose by 22.2%, from $2.4M to $2.9M. In its most recent filing year (2024), Cold Spring Harbor Library reported a surplus of $392K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $9.8M in assets (debt-to-asset ratio: 10.5%), resulting in net assets of $8.8M.

Year-by-Year Financial Summary

• 2024: Revenue of $3.3M, expenses of $2.9M, and assets of $9.8M (revenue +3.1% year-over-year).
• 2023: Revenue of $3.2M, expenses of $2.8M, and assets of $10.3M (revenue +5.1% year-over-year).
• 2022: Revenue of $3.0M, expenses of $2.7M, and assets of $10.4M (revenue +2.3% year-over-year).
• 2021: Revenue of $2.9M, expenses of $2.8M, and assets of $10.7M (revenue -4.4% year-over-year).
• 2020: Revenue of $3.1M, expenses of $2.8M, and assets of $11.1M (revenue +3.6% year-over-year).
• 2019: Revenue of $3.0M, expenses of $2.8M, and assets of $11.3M (revenue +4.6% year-over-year).
• 2018: Revenue of $2.8M, expenses of $2.6M, and assets of $11.6M (revenue -1.7% year-over-year).
• 2017: Revenue of $2.9M, expenses of $2.6M, and assets of $12.6M (revenue +3.3% year-over-year).
• 2016: Revenue of $2.8M, expenses of $2.5M, and assets of $12.8M (revenue +2.7% year-over-year).
• 2015: Revenue of $2.7M, expenses of $2.5M, and assets of $13.0M (revenue -1.1% year-over-year).
• 2014: Revenue of $2.8M, expenses of $2.5M, and assets of $13.3M (revenue +6.9% year-over-year).
• 2013: Revenue of $2.6M, expenses of $2.4M, and assets of $13.5M (revenue +2.3% year-over-year).
• 2012: Revenue of $2.5M, expenses of $2.4M, and assets of $13.7M (revenue -8.2% year-over-year).
• 2011: Revenue of $2.7M, expenses of $2.4M, and assets of $14.0M.

Data Sources and Methodology

This transparency report for Cold Spring Harbor Library 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.