Field Library Inc
Field Library Inc maintains stable operations with no reported officer compensation, but recent liabilities warrant scrutiny.
EIN: 131860030 · Peekskill, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $1.6M |
| Transparency Score | 90/100 |
Is Field Library Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Field Library Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Field Library Inc
Field Library Inc (EIN: 131860030) is a nonprofit organization based in Peekskill, NY. The organization reported total revenue of $2.0M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Field Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Field Library Inc is a mid-size nonprofit that has been operating for 83 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-22,217 |
| Total Assets | $2.1M |
| Total Liabilities | $491K |
| Net Assets | $1.6M |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 23.7% |
| Months of Reserves | 14.5 months |
Financial Health Grade: B
In 2023, Field Library Inc reported a deficit of $22K with expenses exceeding revenue, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 23.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Field Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.2% | +2.1% | +27.0% |
| 2022 | -0.5% | +9.3% | -8.7% |
| 2021 | +2.6% | +14.3% | -0.9% |
| 2020 | +12.6% | -1.1% | +9.8% |
| 2019 | +12.5% | +14.4% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 1943 |
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 Field Library Inc 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, Field Library Inc 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 deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size with revenues exceeding $1.5 million annually.
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 Field Library Inc's IRS 990 filings:
- Significant increase in liabilities in 2023 ($490,585 from $83,659 in 2022) without clear explanation.
- Slight operational deficit in 2023 (expenses $1,717,222 vs. revenue $1,695,005).
Strengths
The following positive indicators were identified for Field Library Inc:
- Consistent reporting of 0% officer compensation across all filings.
- Steady revenue growth over the past decade, from $1,009,876 in 2015 to $1,695,005 in 2023.
- Healthy asset base, growing to $2,073,749 in 2023.
- Long history of IRS 990 filings (14 filings), indicating transparency and compliance.
Frequently Asked Questions about Field Library Inc
Is Field Library Inc a legitimate charity?
Field Library Inc (EIN: 131860030) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Field Library Inc spend its money?
Field Library Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Field Library Inc tax-deductible?
Field Library Inc is registered as a tax-exempt nonprofit (EIN: 131860030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Field Library Inc CEO make?
Field Library Inc's highest-compensated officer earns $1.5 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Field Library Inc's spending goes to programs?
Field Library Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Field Library Inc located?
Field Library Inc is headquartered in Peekskill, New York and files with the IRS under EIN 131860030.
How many years of IRS 990 filings does Field Library Inc have?
Field Library Inc 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 $2.0M in total revenue.
What caused the significant increase in liabilities to $490,585 in 2023?
The provided data shows a substantial jump in liabilities from $83,659 in 2022 to $490,585 in 2023. This change requires further investigation into the specific nature of these liabilities, such as new debt, deferred revenue, or other obligations.
How does Field Library Inc fund its operations given the consistent 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization relies on other staffing models, such as volunteer leadership, or that compensation for key personnel is categorized differently within the IRS 990, which would require reviewing the full filing for details on employee salaries.
What is the specific NTEE code for Field Library Inc?
The NTEE code is currently unknown from the provided data. Knowing this code would help in benchmarking its financial performance against similar organizations.
Filing History
IRS 990 filing history for Field Library Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Field Library Inc's revenue has grown by 64%, moving from $1.0M to $1.7M. Total assets increased by 30.1% over the same period, from $1.6M to $2.1M. Total functional expenses rose by 69.4%, from $1.0M to $1.7M. In its most recent filing year (2023), Field Library Inc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $491K in liabilities against $2.1M in assets (debt-to-asset ratio: 23.7%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $2.1M | $491K | — | View 990 |
| 2022 | $1.5M | $1.7M | $1.6M | $84K | — | View 990 |
| 2021 | $1.5M | $1.5M | $1.8M | $41K | — | View 990 |
| 2020 | $1.5M | $1.3M | $1.8M | $50K | — | View 990 |
| 2019 | $1.3M | $1.4M | $1.6M | $36K | — | View 990 |
| 2018 | $1.2M | $1.2M | $1.7M | $25K | — | View 990 |
| 2017 | $1.1M | $1.1M | $1.7M | $17K | — | View 990 |
| 2016 | $1.1M | $1.1M | $1.6M | $18K | — | View 990 |
| 2015 | $1.0M | $1.1M | $1.6M | $8K | — | View 990 |
| 2014 | $1.0M | $1.1M | $1.7M | $86K | — | View 990 |
| 2013 | $1.1M | $1.1M | $1.8M | $91K | — | View 990 |
| 2012 | $1.1M | $1.1M | $1.7M | $10K | — | View 990 |
| 2011 | $1.1M | $998K | $1.7M | $27K | — | View 990 |
| 2010 | $1.0M | $1.0M | $1.6M | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $2.1M (revenue +11.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.7M, and assets of $1.6M (revenue -0.5% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $1.8M (revenue +2.6% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.3M, and assets of $1.8M (revenue +12.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.4M, and assets of $1.6M (revenue +12.5% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $1.7M (revenue +3.8% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $1.7M (revenue +7.4% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $1.6M (revenue +4.6% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $1.6M (revenue -1.2% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.1M, and assets of $1.7M (revenue -5.7% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $1.8M (revenue +1.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $1.7M (revenue -4.4% year-over-year).
- 2011: Revenue of $1.1M, expenses of $998K, and assets of $1.7M (revenue +8.2% year-over-year).
- 2010: Revenue of $1.0M, expenses of $1.0M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Field Library Inc:
Data Sources and Methodology
This transparency report for Field Library Inc 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.