Connetquot Public Library
Connetquot Public Library maintains stable operations but carries significant liabilities exceeding assets.
EIN: 112343223 · Bohemia, NY · NTEE: B71Z · Updated: 2026-03-28
Is Connetquot Public Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connetquot Public Library directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connetquot Public Library
Connetquot Public Library (EIN: 112343223) is a nonprofit organization based in Bohemia, NY, classified under NTEE code B71Z. The organization reported total revenue of $7.2M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connetquot Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connetquot Public Library is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.1M |
| Total Expenses | $6.7M |
| Surplus / Deficit | +$452K |
| Total Assets | $9.9M |
| Total Liabilities | $14.0M |
| Net Assets | $-4,100,597 |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 141.2% |
| Months of Reserves | 17.8 months |
Financial Health Grade: A
In 2024, Connetquot Public Library reported a surplus of $452K with revenue exceeding expenses, holds 17.8 months of operating reserves (strong position), has a debt-to-asset ratio of 141.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Connetquot Public Library's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.6% | -3.1% | -3.6% |
| 2023 | +4.5% | +16.9% | -5.7% |
| 2022 | +0.2% | -0.9% | +25.3% |
| 2021 | +1.9% | -12.3% | +9.1% |
| 2020 | +2.0% | +3.4% | +61.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
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 Connetquot Public Library 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Connetquot Public Library allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $452K, with revenue exceeding expenses.
- Debt-to-asset ratio: 141.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that executive salaries are categorized differently, which enhances perceived financial efficiency.
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 Connetquot Public Library's IRS 990 filings:
- Liabilities consistently and significantly exceed assets, indicating potential long-term financial risk (e.g., $14M liabilities vs. $9.9M assets in 2024).
- Lack of detailed functional expense breakdown in provided data makes it difficult to fully assess program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for Connetquot Public Library:
- Consistent revenue generation, generally exceeding expenses in recent years (e.g., $7.1M revenue vs. $6.6M expenses in 2024).
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
- Stable operational history with 13 years of consistent filings.
Frequently Asked Questions about Connetquot Public Library
Is Connetquot Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Connetquot Public Library (EIN: 112343223) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Connetquot Public Library spend its money?
Connetquot Public Library directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connetquot Public Library tax-deductible?
Connetquot Public Library is registered as a tax-exempt nonprofit (EIN: 112343223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Connetquot Public Library financially stable?
While the library consistently generates sufficient revenue to cover its expenses, its liabilities have significantly exceeded its assets in recent years (e.g., $14,043,563 in liabilities vs. $9,942,966 in assets in 2024), which could indicate long-term financial vulnerabilities.
How does Connetquot Public Library manage its executive compensation?
All available IRS 990 filings for Connetquot Public Library report 0% officer compensation, indicating that no salaries are paid to its officers or that these costs are reported under other categories.
What is the trend in the library's assets and liabilities?
The library's assets have fluctuated, reaching a high of $10,940,573 in 2022 before declining to $9,942,966 in 2024. Liabilities have shown a consistent upward trend, from $2,853,389 in 2015 to $14,043,563 in 2024, significantly outpacing asset growth.
Filing History
IRS 990 filing history for Connetquot Public Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Connetquot Public Library's revenue has grown by 27.5%, moving from $5.6M to $7.1M. Total assets increased by 121.3% over the same period, from $4.5M to $9.9M. Total functional expenses rose by 7.8%, from $6.2M to $6.7M. In its most recent filing year (2024), Connetquot Public Library reported a surplus of $452K, with revenue exceeding expenses. The organization holds $14.0M in liabilities against $9.9M in assets (debt-to-asset ratio: 141.2%), resulting in net assets of $-4,100,597.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $7.1M | $6.7M | $9.9M | $14.0M | — | View 990 |
| 2023 | $7.0M | $6.9M | $10.3M | $14.9M | — | View 990 |
| 2022 | $6.7M | $5.9M | $10.9M | $15.6M | — | View 990 |
| 2021 | $6.6M | $6.0M | $8.7M | $14.1M | — | — |
| 2020 | $6.5M | $6.8M | $8.0M | $14.1M | — | View 990 |
| 2019 | $6.4M | $6.6M | $5.0M | $11.3M | — | View 990 |
| 2018 | $6.1M | $6.4M | $4.6M | $10.7M | — | — |
| 2017 | $6.2M | $6.5M | $4.7M | $4.4M | — | View 990 |
| 2016 | $6.0M | $6.6M | $5.3M | $4.7M | — | View 990 |
| 2015 | $5.9M | $6.2M | $4.0M | $2.9M | — | View 990 |
| 2014 | $5.8M | $6.4M | $4.1M | $2.2M | — | View 990 |
| 2013 | $5.7M | $6.2M | $4.3M | $1.9M | — | View 990 |
| 2012 | $5.6M | $6.2M | $4.5M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.1M, expenses of $6.7M, and assets of $9.9M (revenue +2.6% year-over-year).
- 2023: Revenue of $7.0M, expenses of $6.9M, and assets of $10.3M (revenue +4.5% year-over-year).
- 2022: Revenue of $6.7M, expenses of $5.9M, and assets of $10.9M (revenue +0.2% year-over-year).
- 2021: Revenue of $6.6M, expenses of $6.0M, and assets of $8.7M (revenue +1.9% year-over-year).
- 2020: Revenue of $6.5M, expenses of $6.8M, and assets of $8.0M (revenue +2.0% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.6M, and assets of $5.0M (revenue +4.9% year-over-year).
- 2018: Revenue of $6.1M, expenses of $6.4M, and assets of $4.6M (revenue -1.2% year-over-year).
- 2017: Revenue of $6.2M, expenses of $6.5M, and assets of $4.7M (revenue +2.4% year-over-year).
- 2016: Revenue of $6.0M, expenses of $6.6M, and assets of $5.3M (revenue +2.2% year-over-year).
- 2015: Revenue of $5.9M, expenses of $6.2M, and assets of $4.0M (revenue +1.1% year-over-year).
- 2014: Revenue of $5.8M, expenses of $6.4M, and assets of $4.1M (revenue +2.3% year-over-year).
- 2013: Revenue of $5.7M, expenses of $6.2M, and assets of $4.3M (revenue +1.8% year-over-year).
- 2012: Revenue of $5.6M, expenses of $6.2M, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connetquot Public Library:
Data Sources and Methodology
This transparency report for Connetquot Public 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.