Greenwich Library
EIN: 66002281 · Greenwich, CT · NTEE: B700
| Metric | Value |
|---|---|
| Total Revenue | $30.0M |
| Total Expenses | $4.4M |
| Net Assets | $79.5M |
Is Greenwich Library Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greenwich Library
Greenwich Library (EIN: 66002281) is a nonprofit organization based in Greenwich, CT, classified under NTEE code B700. The organization reported total revenue of $30.0M and total assets of $87.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenwich Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwich Library is a large nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-1,998,084 |
| Total Assets | $79.5M |
| Total Liabilities | $26K |
| Net Assets | $79.5M |
| Operating Margin | -81.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 214.8 months |
Financial Health Grade: B
In 2023, Greenwich Library reported a deficit of $2.0M with expenses exceeding revenue, holds 214.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greenwich Library's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.8% | -2.8% | +1.2% |
| 2022 | -35.5% | +17.8% | -9.6% |
| 2021 | +100.2% | +13.4% | +11.2% |
| 2020 | -62.9% | -8.0% | +1.6% |
| 2019 | +83.0% | +0.3% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greenwich 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 Greenwich 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Greenwich Library
Is Greenwich Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenwich Library (EIN: 66002281) insufficient data. 0 red flags identified, 0 strengths noted.
How does Greenwich Library spend its money?
Detailed spending breakdown data is not yet available for Greenwich Library. Check back for updated IRS 990 analysis.
Are donations to Greenwich Library tax-deductible?
Greenwich Library is registered as a tax-exempt nonprofit (EIN: 66002281). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greenwich Library located?
Greenwich Library is headquartered in Greenwich, Connecticut and files with the IRS under EIN 66002281. It is classified under NTEE code B700.
How many years of IRS 990 filings does Greenwich Library have?
Greenwich 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 $30.0M in total revenue.
Filing History
IRS 990 filing history for Greenwich Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greenwich Library's revenue has declined by 2.5%, moving from $2.5M to $2.4M. Total assets increased by 17.2% over the same period, from $67.8M to $79.5M. Total functional expenses rose by 28.6%, from $3.5M to $4.4M. In its most recent filing year (2023), Greenwich Library reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $26K in liabilities against $79.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $79.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $4.4M | $79.5M | $26K | — | View 990 |
| 2022 | $5.2M | $4.6M | $78.6M | $8K | — | View 990 |
| 2021 | $8.0M | $3.9M | $86.8M | $110K | — | View 990 |
| 2020 | $4.0M | $3.4M | $78.1M | $1.7M | — | View 990 |
| 2019 | $10.8M | $3.7M | $76.9M | $22K | — | View 990 |
| 2018 | $5.9M | $3.7M | $70.9M | $66K | — | View 990 |
| 2017 | $2.5M | $3.5M | $68.5M | $10K | — | View 990 |
| 2016 | $3.2M | $3.5M | $65.3M | $91K | — | View 990 |
| 2015 | $2.5M | $3.5M | $66.8M | $7K | — | View 990 |
| 2014 | $3.4M | $3.5M | $70.3M | $19K | — | View 990 |
| 2013 | $2.0M | $3.3M | $65.7M | $3K | — | View 990 |
| 2012 | $3.0M | $3.5M | $64.5M | $13K | — | View 990 |
| 2011 | $2.5M | $3.5M | $67.8M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $4.4M, and assets of $79.5M (revenue -52.8% year-over-year).
- 2022: Revenue of $5.2M, expenses of $4.6M, and assets of $78.6M (revenue -35.5% year-over-year).
- 2021: Revenue of $8.0M, expenses of $3.9M, and assets of $86.8M (revenue +100.2% year-over-year).
- 2020: Revenue of $4.0M, expenses of $3.4M, and assets of $78.1M (revenue -62.9% year-over-year).
- 2019: Revenue of $10.8M, expenses of $3.7M, and assets of $76.9M (revenue +83.0% year-over-year).
- 2018: Revenue of $5.9M, expenses of $3.7M, and assets of $70.9M (revenue +138.2% year-over-year).
- 2017: Revenue of $2.5M, expenses of $3.5M, and assets of $68.5M (revenue -22.8% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.5M, and assets of $65.3M (revenue +29.0% year-over-year).
- 2015: Revenue of $2.5M, expenses of $3.5M, and assets of $66.8M (revenue -25.8% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.5M, and assets of $70.3M (revenue +69.6% year-over-year).
- 2013: Revenue of $2.0M, expenses of $3.3M, and assets of $65.7M (revenue -34.4% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.5M, and assets of $64.5M (revenue +20.4% year-over-year).
- 2011: Revenue of $2.5M, expenses of $3.5M, and assets of $67.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwich Library:
Data Sources and Methodology
This transparency report for Greenwich 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.