Fayetteville Free Library
Fayetteville Free Library maintains stable finances with zero reported officer compensation.
EIN: 150543618 · Fayetteville, NY · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Program Spending | 90% |
| Net Assets | $3.0M |
| Transparency Score | 92/100 |
Is Fayetteville Free Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fayetteville Free Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fayetteville Free Library
Fayetteville Free Library (EIN: 150543618) is a nonprofit organization based in Fayetteville, NY, classified under NTEE code B71Z. The organization reported total revenue of $2.2M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fayetteville Free Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fayetteville Free Library is a mid-size nonprofit that has been operating for 77 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$34K |
| Total Assets | $3.6M |
| Total Liabilities | $597K |
| Net Assets | $3.0M |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 16.8% |
| Months of Reserves | 19.6 months |
Financial Health Grade: A
In 2024, Fayetteville Free Library reported a surplus of $34K with revenue exceeding expenses, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 16.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Fayetteville Free Library's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -32.6% | -1.7% | -3.1% |
| 2023 | +65.6% | +10.3% | +43.1% |
| 2022 | +2.2% | +3.2% | -3.4% |
| 2021 | +0.4% | +3.2% | +12.3% |
| 2020 | -0.4% | -4.1% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1949 |
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 Fayetteville Free Library with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Fayetteville Free Library allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.8%.
Executive Compensation Analysis
The Fayetteville Free Library consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a strong dedication to mission-focused spending.
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 Fayetteville Free Library:
- Consistent 0% officer compensation reported across all filings.
- Stable financial operations with revenues generally covering expenses.
- Consistent growth in assets, indicating financial health and stability.
- Low liabilities relative to assets, suggesting good financial management.
- Clear alignment with NTEE code B71Z (Libraries; Library Services) and mission.
Frequently Asked Questions about Fayetteville Free Library
Is Fayetteville Free Library a legitimate charity?
Fayetteville Free Library (EIN: 150543618) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Fayetteville Free Library spend its money?
Fayetteville Free Library directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Fayetteville Free Library tax-deductible?
Fayetteville Free Library is registered as a tax-exempt nonprofit (EIN: 150543618). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fayetteville Free Library's spending goes to programs?
Fayetteville Free Library directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fayetteville Free Library compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Fayetteville 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 Fayetteville Free Library located?
Fayetteville Free Library is headquartered in Fayetteville, New York and files with the IRS under EIN 150543618. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Fayetteville Free Library have?
Fayetteville Free 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 $2.2M in total revenue.
Is Fayetteville Free Library a good charity?
Based on the available financial data, Fayetteville Free Library appears to be a very good charity. They demonstrate stable financial health, consistent asset growth, and notably report 0% officer compensation, indicating a strong commitment to their mission.
How does Fayetteville Free Library manage its executive compensation?
The Fayetteville Free Library consistently reports 0% officer compensation in all available IRS 990 filings, which is an exceptional practice demonstrating a high level of financial stewardship and dedication to directing resources towards library services.
What is the trend in Fayetteville Free Library's revenue and expenses?
The Fayetteville Free Library generally maintains stable revenues and expenses, with revenues often slightly exceeding expenses, as seen in 202406 ($2,217,225 revenue vs. $2,183,393 expenses). There was a significant revenue spike in 202306 ($3,290,414) that warrants further investigation, but the overall trend is consistent.
Are Fayetteville Free Library's assets growing?
Yes, the Fayetteville Free Library's assets have shown consistent growth, increasing from $2,366,350 in 202006 to $4,021,010 in the latest period, indicating financial stability and capacity.
Filing History
IRS 990 filing history for Fayetteville Free Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Fayetteville Free Library's revenue has grown by 49.5%, moving from $1.5M to $2.2M. Total assets increased by 12.1% over the same period, from $3.2M to $3.6M. Total functional expenses rose by 55%, from $1.4M to $2.2M. In its most recent filing year (2024), Fayetteville Free Library reported a surplus of $34K, with revenue exceeding expenses. The organization holds $597K in liabilities against $3.6M in assets (debt-to-asset ratio: 16.8%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $2.2M | $3.6M | $597K | — | View 990 |
| 2023 | $3.3M | $2.2M | $3.7M | $745K | — | View 990 |
| 2022 | $2.0M | $2.0M | $2.6M | $710K | — | View 990 |
| 2021 | $1.9M | $2.0M | $2.7M | $774K | — | View 990 |
| 2020 | $1.9M | $1.9M | $2.4M | $475K | — | View 990 |
| 2019 | $1.9M | $2.0M | $2.4M | $557K | — | View 990 |
| 2018 | $1.9M | $2.0M | $2.5M | $610K | — | View 990 |
| 2017 | $946K | $927K | $2.5M | $560K | — | View 990 |
| 2016 | $1.8M | $1.9M | $3.8M | $1.5M | — | View 990 |
| 2015 | $2.1M | $1.8M | $3.9M | $1.6M | — | View 990 |
| 2014 | $1.6M | $1.7M | $3.5M | $1.6M | — | View 990 |
| 2013 | $1.8M | $1.6M | $3.5M | $1.6M | — | View 990 |
| 2012 | $1.5M | $1.5M | $3.5M | $1.7M | — | View 990 |
| 2011 | $1.5M | $1.4M | $3.2M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.2M, expenses of $2.2M, and assets of $3.6M (revenue -32.6% year-over-year).
- 2023: Revenue of $3.3M, expenses of $2.2M, and assets of $3.7M (revenue +65.6% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $2.6M (revenue +2.2% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.0M, and assets of $2.7M (revenue +0.4% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $2.4M (revenue -0.4% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.0M, and assets of $2.4M (revenue +3.0% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.0M, and assets of $2.5M (revenue +99.3% year-over-year).
- 2017: Revenue of $946K, expenses of $927K, and assets of $2.5M (revenue -48.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.9M, and assets of $3.8M (revenue -10.1% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.8M, and assets of $3.9M (revenue +25.1% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $3.5M (revenue -6.5% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.6M, and assets of $3.5M (revenue +16.1% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $3.5M (revenue +2.2% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.4M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fayetteville Free Library:
Data Sources and Methodology
This transparency report for Fayetteville 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.