Hendrick Hudson Free Library
Hendrick Hudson Free Library consistently grows assets and operates with surpluses, reporting no officer compensation.
EIN: 131900119 · Montrose, NY · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $5.2M |
| Transparency Score | 92/100 |
Is Hendrick Hudson Free Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hendrick Hudson Free Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hendrick Hudson Free Library
Hendrick Hudson Free Library (EIN: 131900119) is a nonprofit organization based in Montrose, NY, classified under NTEE code B71Z. The organization reported total revenue of $2.6M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hendrick Hudson Free Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hendrick Hudson Free Library is a mid-size nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$514K |
| Total Assets | $6.8M |
| Total Liabilities | $1.6M |
| Net Assets | $5.2M |
| Operating Margin | 23.8% |
| Debt-to-Asset Ratio | 22.9% |
| Months of Reserves | 49.7 months |
Financial Health Grade: A
In 2024, Hendrick Hudson Free Library reported a surplus of $514K with revenue exceeding expenses, holds 49.7 months of operating reserves (strong position), has a debt-to-asset ratio of 22.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Hendrick Hudson Free Library's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +26.9% | +4.7% | +7.1% |
| 2023 | -4.9% | +2.0% | +0.7% |
| 2022 | -22.7% | +6.0% | -1.2% |
| 2021 | +27.5% | +0.7% | +13.4% |
| 2020 | +8.7% | +2.5% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1967 |
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 Hendrick Hudson 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Hendrick Hudson Free Library allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $514K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of this size with current assets of over $7 million.
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 Hendrick Hudson Free Library's IRS 990 filings:
- Unusually low or zero reported officer compensation, which might indicate compensation is reported under other categories or through related entities not immediately visible in this summary.
Strengths
The following positive indicators were identified for Hendrick Hudson Free Library:
- Consistent financial surpluses, such as $514,018 in 202406.
- Significant asset growth, from $3.5M in 2015 to over $7M currently.
- Decreasing liabilities over time, improving financial health.
- No reported officer compensation, suggesting high resource allocation to mission.
- Strong financial stability and long-term sustainability.
Frequently Asked Questions about Hendrick Hudson Free Library
Is Hendrick Hudson Free Library a legitimate charity?
Hendrick Hudson Free Library (EIN: 131900119) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Hendrick Hudson Free Library spend its money?
Hendrick Hudson Free Library directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hendrick Hudson Free Library tax-deductible?
Hendrick Hudson Free Library is registered as a tax-exempt nonprofit (EIN: 131900119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hendrick Hudson Free Library CEO make?
Hendrick Hudson Free Library's highest-compensated officer earns $7 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Hendrick Hudson Free Library compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hendrick Hudson 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 Hendrick Hudson Free Library located?
Hendrick Hudson Free Library is headquartered in Montrose, New York and files with the IRS under EIN 131900119. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Hendrick Hudson Free Library have?
Hendrick Hudson 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 $2.6M in total revenue.
Is Hendrick Hudson Free Library a good charity?
Based on the available financial data, Hendrick Hudson Free Library appears to be a very well-managed organization. It consistently generates surpluses, has significantly grown its assets from $3.5M to over $7M, and reports no officer compensation, which are all strong positive indicators.
How has the organization's financial stability changed over time?
The organization's financial stability has significantly improved. Assets have nearly doubled from $3,547,313 in 2015 to $7,024,832 currently, and liabilities have generally decreased, indicating a stronger balance sheet and increased financial resilience.
What is the trend in revenue and expenses?
Revenue has shown a general upward trend, with some fluctuations, reaching $2,155,529 in 2024. Expenses have also increased but at a slower rate, consistently remaining below revenue, leading to healthy surpluses in most periods, such as the $514,018 surplus in 2024.
Filing History
IRS 990 filing history for Hendrick Hudson Free Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Hendrick Hudson Free Library's revenue has grown by 42.9%, moving from $1.5M to $2.2M. Total assets increased by 84.8% over the same period, from $3.7M to $6.8M. Total functional expenses rose by 25.1%, from $1.3M to $1.6M. In its most recent filing year (2024), Hendrick Hudson Free Library reported a surplus of $514K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $6.8M in assets (debt-to-asset ratio: 22.9%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $1.6M | $6.8M | $1.6M | — | View 990 |
| 2023 | $1.7M | $1.6M | $6.4M | $1.7M | — | View 990 |
| 2022 | $1.8M | $1.5M | $6.3M | $1.8M | — | View 990 |
| 2021 | $2.3M | $1.5M | $6.4M | $2.0M | — | View 990 |
| 2020 | $1.8M | $1.4M | $5.6M | $2.2M | — | View 990 |
| 2019 | $1.7M | $1.4M | $5.4M | $2.3M | — | View 990 |
| 2018 | $1.6M | $1.4M | $5.3M | $2.5M | — | View 990 |
| 2017 | $1.5M | $1.4M | $5.4M | $2.9M | — | View 990 |
| 2016 | $1.4M | $1.4M | $3.6M | $1.1M | — | View 990 |
| 2015 | $1.5M | $1.4M | $3.5M | $1.2M | — | View 990 |
| 2014 | $1.4M | $1.4M | $3.6M | $1.3M | — | View 990 |
| 2013 | $1.4M | $1.3M | $3.7M | $1.4M | — | View 990 |
| 2012 | $1.5M | $1.3M | $3.7M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.2M, expenses of $1.6M, and assets of $6.8M (revenue +26.9% year-over-year).
- 2023: Revenue of $1.7M, expenses of $1.6M, and assets of $6.4M (revenue -4.9% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.5M, and assets of $6.3M (revenue -22.7% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.5M, and assets of $6.4M (revenue +27.5% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.4M, and assets of $5.6M (revenue +8.7% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $5.4M (revenue +2.2% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.4M, and assets of $5.3M (revenue +9.9% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $5.4M (revenue +4.2% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $3.6M (revenue -2.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $3.5M (revenue +2.3% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $3.6M (revenue +4.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $3.7M (revenue -9.4% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.3M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hendrick Hudson Free Library:
Data Sources and Methodology
This transparency report for Hendrick Hudson 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.