Great Neck Library
Great Neck Library maintains strong assets despite recent operational deficit, reports no officer compensation.
EIN: 111855653 · Great Neck, NY · NTEE: B71Z · Updated: 2026-03-28
Is Great Neck Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Neck Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Neck Library
Great Neck Library (EIN: 111855653) is a nonprofit organization based in Great Neck, NY, classified under NTEE code B71Z. The organization reported total revenue of $10.6M and total assets of $33.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Neck Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Great Neck Library with a Mission Score of 85 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, Great Neck 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly favorable, suggesting all funds are directed towards the library's operations and mission, especially for an organization with over $10 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.
Red Flags
The following concerns were identified during AI analysis of Great Neck Library's IRS 990 filings:
- Operational deficit in the latest filing (202306) where expenses ($10,392,005) exceeded revenue ($10,072,941).
- Significant expense fluctuation, particularly the spike to $17,661,926 in 201606, without immediate context.
Strengths
The following positive indicators were identified for Great Neck Library:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
- Substantial and growing asset base, reaching $33,426,863 in 202306, providing financial stability.
- Strong revenue generation, consistently above $10 million in recent years (excluding 201206).
Frequently Asked Questions about Great Neck Library
Is Great Neck Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Neck Library (EIN: 111855653) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Great Neck Library spend its money?
Great Neck Library directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Great Neck Library tax-deductible?
Great Neck Library is registered as a tax-exempt nonprofit (EIN: 111855653). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Great Neck Library a good charity?
Based on the available IRS 990 data, Great Neck Library appears to be a financially sound organization with substantial assets ($33,426,863 in 202306) and a strong commitment to its mission, evidenced by 0% officer compensation. While there was a slight operational deficit in the latest period, its overall financial health and transparency regarding executive pay are positive indicators.
What caused the significant expense spike in 201606?
In the 201606 period, expenses surged to $17,661,926 from $8,078,149 in 202206 and $10,392,005 in 202306. This significant increase, nearly double the typical annual expenses, would require a deeper dive into the detailed expense schedules of the 201606 IRS 990 filing to understand the specific reasons, such as major capital improvements or one-time projects.
How does the library manage its liabilities?
The library's liabilities have grown significantly over time, from $2,171,518 in 201112 to $20,828,440 in 202306. While assets have grown even more substantially, the increase in liabilities warrants attention to understand if these are related to long-term debt, capital projects, or other obligations.
Filing History
IRS 990 filing history for Great Neck Library showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2023), Great Neck Library's revenue has grown by 19.5%, moving from $8.4M to $10.1M. Total assets increased by 335.3% over the same period, from $7.7M to $33.4M. Total functional expenses rose by 12.9%, from $9.2M to $10.4M. In its most recent filing year (2023), Great Neck Library reported a deficit of $319K, with expenses exceeding revenue. The organization holds $20.8M in liabilities against $33.4M in assets (debt-to-asset ratio: 62.3%), resulting in net assets of $12.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.1M | $10.4M | $33.4M | $20.8M | — | View 990 |
| 2022 | $11.6M | $8.1M | $35.0M | $22.0M | — | View 990 |
| 2016 | $10.3M | $17.7M | $25.2M | $17.8M | — | View 990 |
| 2013 | $8.4M | $8.2M | $7.8M | $2.9M | — | View 990 |
| 2012 | $4.2M | $4.4M | $7.8M | $2.3M | — | View 990 |
| 2011 | $8.4M | $9.2M | $7.7M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.1M, expenses of $10.4M, and assets of $33.4M (revenue -13.4% year-over-year).
- 2022: Revenue of $11.6M, expenses of $8.1M, and assets of $35.0M (revenue +12.7% year-over-year).
- 2016: Revenue of $10.3M, expenses of $17.7M, and assets of $25.2M (revenue +22.9% year-over-year).
- 2013: Revenue of $8.4M, expenses of $8.2M, and assets of $7.8M (revenue +99.0% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.4M, and assets of $7.8M (revenue -49.9% year-over-year).
- 2011: Revenue of $8.4M, expenses of $9.2M, and assets of $7.7M.
Data Sources and Methodology
This transparency report for Great Neck 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.