Cutchogue New Suffolk Free Library
Cutchogue New Suffolk Free Library maintains strong assets and consistent revenue growth with no reported officer compensation.
EIN: 112009643 · Cutchogue, NY · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $3.9M |
| Transparency Score | 90/100 |
Is Cutchogue New Suffolk Free Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cutchogue New Suffolk Free Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cutchogue New Suffolk Free Library
Cutchogue New Suffolk Free Library (EIN: 112009643) is a nonprofit organization based in Cutchogue, NY, classified under NTEE code B71Z. The organization reported total revenue of $2.0M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cutchogue New Suffolk Free Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cutchogue New Suffolk Free Library is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$56K |
| Total Assets | $5.1M |
| Total Liabilities | $1.3M |
| Net Assets | $3.9M |
| Operating Margin | 2.9% |
| Debt-to-Asset Ratio | 24.5% |
| Months of Reserves | 33.1 months |
Financial Health Grade: A
In 2023, Cutchogue New Suffolk Free Library reported a surplus of $56K with revenue exceeding expenses, holds 33.1 months of operating reserves (strong position), has a debt-to-asset ratio of 24.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cutchogue New Suffolk Free Library's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +7.9% | +0.0% |
| 2022 | +1.0% | +9.6% | +1.2% |
| 2021 | +0.1% | -5.1% | +1.4% |
| 2020 | +3.4% | -0.4% | +0.8% |
| 2019 | +2.2% | -4.5% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1980 |
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 Cutchogue New Suffolk Free Library with a Mission Score of 90 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, Cutchogue New Suffolk Free 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that either the board is entirely volunteer-based or that executive salaries are categorized differently within overall expenses, which is a positive indicator for resource allocation relative to its nearly $2 million in annual revenue.
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.
Strengths
The following positive indicators were identified for Cutchogue New Suffolk Free Library:
- Consistent revenue growth, from $1,613,944 in 2015 to $1,991,147 in the latest period.
- Strong and stable asset base, consistently above $4.9 million, reaching $5,185,525.
- Decreasing liabilities, from $1,704,149 in 2014 to $1,257,868 in 2023, improving financial leverage.
- Zero reported officer compensation across all filings, indicating efficient use of funds or volunteer leadership.
- Consistent surplus operations in most recent years (e.g., 202306 revenue $1,914,265 vs. expenses $1,858,128).
Frequently Asked Questions about Cutchogue New Suffolk Free Library
Is Cutchogue New Suffolk Free Library a legitimate charity?
Cutchogue New Suffolk Free Library (EIN: 112009643) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Cutchogue New Suffolk Free Library spend its money?
Cutchogue New Suffolk Free Library directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cutchogue New Suffolk Free Library tax-deductible?
Cutchogue New Suffolk Free Library is registered as a tax-exempt nonprofit (EIN: 112009643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cutchogue New Suffolk Free Library CEO make?
Cutchogue New Suffolk Free Library's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cutchogue New Suffolk Free Library's spending goes to programs?
Cutchogue New Suffolk Free Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cutchogue New Suffolk Free Library compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Cutchogue New Suffolk Free Library is above average for NTEE category B71Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cutchogue New Suffolk Free Library located?
Cutchogue New Suffolk Free Library is headquartered in Cutchogue, New York and files with the IRS under EIN 112009643. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Cutchogue New Suffolk Free Library have?
Cutchogue New Suffolk Free Library has 13 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 $2.0M in total revenue.
Is Cutchogue New Suffolk Free Library a good charity?
Based on its consistent financial health, growing revenue, strong asset base, and zero reported officer compensation, the Cutchogue New Suffolk Free Library appears to be a very well-managed and effective organization, making it a good charity.
How has the library's financial stability changed over time?
The library has shown consistent financial stability, with assets growing from $5,198,097 in 2014 to $5,185,525 in the latest period, and liabilities decreasing from $1,704,149 to $1,257,868 over the same period, indicating improved financial health.
What is the trend in the library's revenue?
The library's revenue has shown a strong upward trend, increasing from $1,613,944 in 2015 to $1,991,147 in the latest period, with a notable jump from $755,800 in 2016, suggesting growing financial support.
Filing History
IRS 990 filing history for Cutchogue New Suffolk Free Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cutchogue New Suffolk Free Library's revenue has grown by 36.5%, moving from $1.4M to $1.9M. Total assets increased by 45.9% over the same period, from $3.5M to $5.1M. Total functional expenses rose by 21.8%, from $1.5M to $1.9M. In its most recent filing year (2023), Cutchogue New Suffolk Free Library reported a surplus of $56K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $5.1M in assets (debt-to-asset ratio: 24.5%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.9M | $5.1M | $1.3M | — | View 990 |
| 2022 | $1.8M | $1.7M | $5.1M | $1.3M | — | View 990 |
| 2021 | $1.8M | $1.6M | $5.1M | $1.4M | — | — |
| 2020 | $1.8M | $1.7M | $5.0M | $1.5M | — | View 990 |
| 2019 | $1.7M | $1.7M | $5.0M | $1.6M | — | View 990 |
| 2018 | $1.7M | $1.7M | $4.9M | $1.6M | — | View 990 |
| 2017 | $1.7M | $1.7M | $5.1M | $1.6M | — | View 990 |
| 2016 | $756K | $846K | $5.1M | $1.7M | — | View 990 |
| 2015 | $1.6M | $1.6M | $5.2M | $1.7M | — | View 990 |
| 2014 | $1.7M | $1.5M | $5.2M | $1.7M | — | View 990 |
| 2013 | $1.5M | $1.3M | $5.0M | $1.7M | — | View 990 |
| 2012 | $3.3M | $1.5M | $5.3M | $2.2M | — | View 990 |
| 2011 | $1.4M | $1.5M | $3.5M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.9M, and assets of $5.1M (revenue +5.1% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $5.1M (revenue +1.0% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.6M, and assets of $5.1M (revenue +0.1% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $5.0M (revenue +3.4% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $5.0M (revenue +2.2% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $4.9M (revenue +2.0% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $5.1M (revenue +120.8% year-over-year).
- 2016: Revenue of $756K, expenses of $846K, and assets of $5.1M (revenue -53.2% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $5.2M (revenue -7.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.5M, and assets of $5.2M (revenue +13.2% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $5.0M (revenue -52.9% year-over-year).
- 2012: Revenue of $3.3M, expenses of $1.5M, and assets of $5.3M (revenue +132.5% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.5M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cutchogue New Suffolk Free Library:
Data Sources and Methodology
This transparency report for Cutchogue New Suffolk Free 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.