Crandall Library
Crandall Library maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 141338381 · Glens Falls, NY · NTEE: B71Z · Updated: 2026-03-28
Is Crandall Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Crandall Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Crandall Library
Crandall Library (EIN: 141338381) is a nonprofit organization based in Glens Falls, NY, classified under NTEE code B71Z. The organization reported total revenue of $4.9M and total assets of $18.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crandall Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Crandall Library is a mid-size nonprofit that has been operating for 71 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-134,844 |
| Total Assets | $18.8M |
| Total Liabilities | $8.8M |
| Net Assets | $10.0M |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 46.8% |
| Months of Reserves | 42.2 months |
Financial Health Grade: B
In 2023, Crandall Library reported a deficit of $135K with expenses exceeding revenue, holds 42.2 months of operating reserves (strong position), has a debt-to-asset ratio of 46.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Crandall Library's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.3% | +13.5% | -0.3% |
| 2022 | +30.5% | +6.5% | -0.8% |
| 2021 | -14.9% | -8.0% | +2.8% |
| 2020 | +22.4% | +4.1% | +11.8% |
| 2019 | +3.0% | +4.9% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1955 |
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 Crandall Library with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Crandall Library allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $135K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with assets exceeding $18 million.
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 Crandall Library's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other expense categories or through a related entity not detailed in these filings.
Strengths
The following positive indicators were identified for Crandall Library:
- Consistent financial stability with robust assets exceeding $18 million.
- Strong program focus, implied by 0% officer compensation, suggesting resources are directed to mission.
- Decreasing trend in liabilities over the past decade, improving financial health.
- Generally balanced budget with revenues often exceeding expenses, ensuring operational continuity.
Frequently Asked Questions about Crandall Library
Is Crandall Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Crandall Library (EIN: 141338381) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Crandall Library spend its money?
Crandall Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Crandall Library tax-deductible?
Crandall Library is registered as a tax-exempt nonprofit (EIN: 141338381). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Crandall Library a good charity?
Based on the available financial data, Crandall Library appears to be a very good charity. It consistently directs its resources towards its mission, as evidenced by the 0% officer compensation and stable financial health. Its consistent asset base and generally balanced budget further support its operational stability.
How does Crandall Library manage its expenses?
Crandall Library generally manages its expenses effectively, with expenditures typically staying within or close to its revenue streams. For example, in 2022, expenses were $4,702,244 against revenues of $6,069,977, demonstrating prudent financial management. The slight deficit in 2023 is an exception rather than the norm.
What is the trend in Crandall Library's assets and liabilities?
Crandall Library's assets have remained consistently strong, generally above $18 million in recent years, indicating a solid financial foundation. Liabilities have shown a gradual decrease over the past decade, from $13,036,454 in 2014 to $8,796,793 in 2023, which is a positive trend indicating improved financial leverage.
Filing History
IRS 990 filing history for Crandall Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Crandall Library's revenue has grown by 21.3%, moving from $4.3M to $5.2M. Total assets decreased by 6.2% over the same period, from $20.0M to $18.8M. Total functional expenses rose by 19.8%, from $4.5M to $5.3M. In its most recent filing year (2023), Crandall Library reported a deficit of $135K, with expenses exceeding revenue. The organization holds $8.8M in liabilities against $18.8M in assets (debt-to-asset ratio: 46.8%), resulting in net assets of $10.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $5.3M | $18.8M | $8.8M | — | View 990 |
| 2022 | $6.1M | $4.7M | $18.8M | $9.5M | — | View 990 |
| 2021 | $4.7M | $4.4M | $19.0M | $9.8M | — | — |
| 2020 | $5.5M | $4.8M | $18.5M | $10.2M | — | View 990 |
| 2019 | $4.5M | $4.6M | $16.5M | $11.0M | — | View 990 |
| 2018 | $4.3M | $4.4M | $16.4M | $11.5M | — | View 990 |
| 2017 | $4.2M | $4.3M | $16.8M | $11.7M | — | View 990 |
| 2016 | $4.2M | $3.9M | $17.1M | $12.3M | — | View 990 |
| 2015 | $4.2M | $4.5M | $17.2M | $12.8M | — | View 990 |
| 2014 | $4.4M | $4.6M | $17.9M | $13.0M | — | View 990 |
| 2013 | $4.5M | $4.4M | $18.3M | $13.3M | — | View 990 |
| 2012 | $4.5M | $4.6M | $18.6M | $13.6M | — | View 990 |
| 2011 | $3.9M | $4.5M | $18.9M | $13.9M | — | View 990 |
| 2010 | $4.3M | $4.5M | $20.0M | $14.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $5.3M, and assets of $18.8M (revenue -14.3% year-over-year).
- 2022: Revenue of $6.1M, expenses of $4.7M, and assets of $18.8M (revenue +30.5% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.4M, and assets of $19.0M (revenue -14.9% year-over-year).
- 2020: Revenue of $5.5M, expenses of $4.8M, and assets of $18.5M (revenue +22.4% year-over-year).
- 2019: Revenue of $4.5M, expenses of $4.6M, and assets of $16.5M (revenue +3.0% year-over-year).
- 2018: Revenue of $4.3M, expenses of $4.4M, and assets of $16.4M (revenue +4.4% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.3M, and assets of $16.8M (revenue -1.3% year-over-year).
- 2016: Revenue of $4.2M, expenses of $3.9M, and assets of $17.1M (revenue +-0.0% year-over-year).
- 2015: Revenue of $4.2M, expenses of $4.5M, and assets of $17.2M (revenue -3.6% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.6M, and assets of $17.9M (revenue -2.3% year-over-year).
- 2013: Revenue of $4.5M, expenses of $4.4M, and assets of $18.3M (revenue -0.5% year-over-year).
- 2012: Revenue of $4.5M, expenses of $4.6M, and assets of $18.6M (revenue +16.3% year-over-year).
- 2011: Revenue of $3.9M, expenses of $4.5M, and assets of $18.9M (revenue -9.8% year-over-year).
- 2010: Revenue of $4.3M, expenses of $4.5M, and assets of $20.0M.
Data Sources and Methodology
This transparency report for Crandall 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.