James Prendergast Library Association
James Prendergast Library Association maintains strong financial health with consistent surpluses and no reported officer compensation.
EIN: 160840340 · Jamestown, NY · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $10.4M |
| Transparency Score | 92/100 |
Is James Prendergast Library Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James Prendergast Library Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About James Prendergast Library Association
James Prendergast Library Association (EIN: 160840340) is a nonprofit organization based in Jamestown, NY, classified under NTEE code B71Z. The organization reported total revenue of $4.3M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James Prendergast Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
James Prendergast Library Association is a mid-size nonprofit that has been operating for 85 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$50K |
| Total Assets | $10.4M |
| Total Liabilities | $60K |
| Net Assets | $10.4M |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 104.6 months |
Financial Health Grade: A
In 2023, James Prendergast Library Association reported a surplus of $50K with revenue exceeding expenses, holds 104.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), James Prendergast Library Association's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.6% | -0.6% | +6.1% |
| 2022 | +21.1% | +17.5% | -10.3% |
| 2021 | +10.6% | +21.5% | +8.3% |
| 2020 | +37.3% | -6.3% | +8.7% |
| 2019 | +5.2% | -6.4% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
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 James Prendergast Library Association 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, James Prendergast Library Association allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization with assets exceeding $10 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.
Strengths
The following positive indicators were identified for James Prendergast Library Association:
- Consistent financial surpluses, such as $49,913 in 2023 (Revenue $1,245,486 - Expenses $1,195,573).
- No reported officer compensation across all filings, indicating high efficiency and dedication.
- Strong and growing asset base, reaching $10,422,393 in 2023.
- Low liabilities relative to assets, demonstrating financial stability.
- Long history of consistent IRS 990 filings (13 filings), indicating transparency.
Frequently Asked Questions about James Prendergast Library Association
Is James Prendergast Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, James Prendergast Library Association (EIN: 160840340) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does James Prendergast Library Association spend its money?
James Prendergast Library Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to James Prendergast Library Association tax-deductible?
James Prendergast Library Association is registered as a tax-exempt nonprofit (EIN: 160840340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the James Prendergast Library Association CEO make?
James Prendergast Library Association's highest-compensated officer earns $10 annually. The organization reported $4.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of James Prendergast Library Association's spending goes to programs?
James Prendergast Library Association directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does James Prendergast Library Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), James Prendergast Library Association 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 James Prendergast Library Association located?
James Prendergast Library Association is headquartered in Jamestown, New York and files with the IRS under EIN 160840340. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does James Prendergast Library Association have?
James Prendergast Library Association 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 $4.3M in total revenue.
Is James Prendergast Library Association a good charity?
Based on the provided financial data, the James Prendergast Library Association appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports no officer compensation, indicating strong financial management and a high dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown consistent financial health, with assets growing from $8,735,851 in 2015 to $10,422,393 in 2023. Revenue and expenses have fluctuated but generally maintain a positive net income, demonstrating resilience and effective financial stewardship.
What is the trend in the organization's liabilities?
Liabilities have remained consistently low relative to assets, typically ranging from $26,287 to $147,492, indicating a healthy balance sheet and minimal financial risk.
Filing History
IRS 990 filing history for James Prendergast Library Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), James Prendergast Library Association's revenue has grown by 8.3%, moving from $1.2M to $1.2M. Total assets increased by 23.3% over the same period, from $8.5M to $10.4M. Total functional expenses fell by 6.1%, from $1.3M to $1.2M. In its most recent filing year (2023), James Prendergast Library Association reported a surplus of $50K, with revenue exceeding expenses. The organization holds $60K in liabilities against $10.4M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $10.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $10.4M | $60K | — | — |
| 2022 | $1.7M | $1.2M | $9.8M | $76K | — | View 990 |
| 2021 | $1.4M | $1.0M | $10.9M | $40K | — | View 990 |
| 2020 | $1.3M | $843K | $10.1M | $147K | — | View 990 |
| 2019 | $923K | $900K | $9.3M | $32K | — | View 990 |
| 2018 | $877K | $962K | $8.3M | $31K | — | View 990 |
| 2017 | $2.1M | $1.1M | $9.4M | $26K | — | View 990 |
| 2016 | $1.0M | $1.3M | $8.9M | $99K | — | View 990 |
| 2015 | $1.6M | $1.3M | $8.7M | $27K | — | View 990 |
| 2014 | $1.4M | $1.3M | $10.6M | $76K | — | View 990 |
| 2013 | $1.4M | $1.3M | $10.5M | $69K | — | View 990 |
| 2012 | $1.2M | $1.3M | $9.6M | $34K | — | View 990 |
| 2011 | $1.2M | $1.3M | $8.5M | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $10.4M (revenue -26.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.2M, and assets of $9.8M (revenue +21.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.0M, and assets of $10.9M (revenue +10.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $843K, and assets of $10.1M (revenue +37.3% year-over-year).
- 2019: Revenue of $923K, expenses of $900K, and assets of $9.3M (revenue +5.2% year-over-year).
- 2018: Revenue of $877K, expenses of $962K, and assets of $8.3M (revenue -58.1% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.1M, and assets of $9.4M (revenue +100.9% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.3M, and assets of $8.9M (revenue -35.2% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.3M, and assets of $8.7M (revenue +12.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $10.6M (revenue -0.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $10.5M (revenue +20.0% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.3M, and assets of $9.6M (revenue +3.9% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for James Prendergast Library Association:
Data Sources and Methodology
This transparency report for James Prendergast Library Association 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.