Cross Mills Public Library
EIN: 237262671 · Charlestown, RI · NTEE: B71Z
| Metric | Value |
|---|---|
| Total Revenue | $533K |
| Total Expenses | $446K |
| Net Assets | $600K |
Is Cross Mills Public Library Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cross Mills Public Library
Cross Mills Public Library (EIN: 237262671) is a nonprofit organization based in Charlestown, RI, classified under NTEE code B71Z. The organization reported total revenue of $533K and total assets of $633K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cross Mills Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cross Mills Public Library is a small nonprofit that has been operating for 44 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $439K |
| Total Expenses | $446K |
| Surplus / Deficit | $-6,705 |
| Total Assets | $602K |
| Total Liabilities | $2K |
| Net Assets | $600K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 16.2 months |
Financial Health Grade: B
In 2024, Cross Mills Public Library reported a deficit of $7K with expenses exceeding revenue, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Cross Mills Public Library's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -22.7% | +4.6% | +0.2% |
| 2023 | +32.8% | +3.1% | +30.6% |
| 2022 | +10.2% | +5.0% | +2.2% |
| 2021 | +7.6% | +5.8% | +3.2% |
| 2020 | -0.4% | -5.0% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cross Mills Public Library has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cross Mills Public Library with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Cross Mills Public Library
Is Cross Mills Public Library a legitimate charity?
Cross Mills Public Library (EIN: 237262671) is a registered tax-exempt nonprofit based in Rhode Island. It has 14 years of IRS 990 filings on record. Total revenue: $533K. No red flags identified. Financial health grade: B.
How does Cross Mills Public Library spend its money?
Cross Mills Public Library reported $533K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cross Mills Public Library tax-deductible?
Cross Mills Public Library is registered as a tax-exempt nonprofit (EIN: 237262671). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cross Mills Public Library located?
Cross Mills Public Library is headquartered in Charlestown, Rhode Island and files with the IRS under EIN 237262671. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Cross Mills Public Library have?
Cross Mills Public Library has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $533K in total revenue.
Filing History
IRS 990 filing history for Cross Mills Public Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Cross Mills Public Library's revenue has grown by 31.9%, moving from $333K to $439K. Total assets increased by 20.4% over the same period, from $500K to $602K. Total functional expenses rose by 38.6%, from $322K to $446K. In its most recent filing year (2024), Cross Mills Public Library reported a deficit of $7K, with expenses exceeding revenue. The organization holds $2K in liabilities against $602K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $600K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $439K | $446K | $602K | $2K | — | — |
| 2023 | $568K | $426K | $601K | $3K | — | View 990 |
| 2022 | $428K | $413K | $460K | $5K | — | View 990 |
| 2021 | $388K | $394K | $450K | $0 | — | View 990 |
| 2020 | $361K | $372K | $436K | $0 | — | View 990 |
| 2019 | $362K | $392K | $448K | $0 | — | View 990 |
| 2018 | $368K | $361K | $478K | $0 | — | View 990 |
| 2017 | $336K | $350K | $472K | $0 | — | View 990 |
| 2016 | $373K | $356K | $480K | $0 | — | — |
| 2015 | $330K | $334K | $465K | $0 | — | View 990 |
| 2014 | $318K | $334K | $472K | $0 | — | View 990 |
| 2013 | $344K | $325K | $482K | $0 | — | View 990 |
| 2012 | $328K | $328K | $499K | $0 | — | View 990 |
| 2011 | $333K | $322K | $500K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $439K, expenses of $446K, and assets of $602K (revenue -22.7% year-over-year).
- 2023: Revenue of $568K, expenses of $426K, and assets of $601K (revenue +32.8% year-over-year).
- 2022: Revenue of $428K, expenses of $413K, and assets of $460K (revenue +10.2% year-over-year).
- 2021: Revenue of $388K, expenses of $394K, and assets of $450K (revenue +7.6% year-over-year).
- 2020: Revenue of $361K, expenses of $372K, and assets of $436K (revenue -0.4% year-over-year).
- 2019: Revenue of $362K, expenses of $392K, and assets of $448K (revenue -1.6% year-over-year).
- 2018: Revenue of $368K, expenses of $361K, and assets of $478K (revenue +9.6% year-over-year).
- 2017: Revenue of $336K, expenses of $350K, and assets of $472K (revenue -9.9% year-over-year).
- 2016: Revenue of $373K, expenses of $356K, and assets of $480K (revenue +13.0% year-over-year).
- 2015: Revenue of $330K, expenses of $334K, and assets of $465K (revenue +3.7% year-over-year).
- 2014: Revenue of $318K, expenses of $334K, and assets of $472K (revenue -7.5% year-over-year).
- 2013: Revenue of $344K, expenses of $325K, and assets of $482K (revenue +4.9% year-over-year).
- 2012: Revenue of $328K, expenses of $328K, and assets of $499K (revenue -1.5% year-over-year).
- 2011: Revenue of $333K, expenses of $322K, and assets of $500K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cross Mills Public Library:
Data Sources and Methodology
This transparency report for Cross Mills 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.