Library Association Of Ringwood
Library Association Of Ringwood: Consistent Revenue, High Program Spending
EIN: 221803021 · Ringwood, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $628K |
| Total Expenses | $616K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $704K |
| Transparency Score | 85/100 |
Is Library Association Of Ringwood Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Library Association Of Ringwood directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Library Association Of Ringwood
Library Association Of Ringwood (EIN: 221803021) is a nonprofit organization based in Ringwood, NJ. The organization reported total revenue of $628K and total assets of $755K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Library Association Of Ringwood's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Library Association Of Ringwood is a small nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $617K |
| Total Expenses | $616K |
| Surplus / Deficit | +$638 |
| Total Assets | $753K |
| Total Liabilities | $49K |
| Net Assets | $704K |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 14.7 months |
Financial Health Grade: A
In 2023, Library Association Of Ringwood reported a surplus of $638 with revenue exceeding expenses, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Library Association Of Ringwood's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | +56.1% | -33.6% |
| 2022 | -0.4% | -34.4% | +24.2% |
| 2021 | -6.5% | +19.3% | +2.2% |
| 2020 | +6.7% | -10.2% | +25.7% |
| 2019 | -2.0% | +0.0% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1966 |
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 Library Association Of Ringwood 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Library Association Of Ringwood 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 $638, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally compensated leadership structure.
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 Library Association Of Ringwood:
- Consistent revenue generation, with 2023 revenue at $616,734.
- Strong program spending, with expenses of $616,096 in 2023, closely aligning with revenue.
- Healthy asset base, with $752,957 in assets reported for 2023.
- No reported liabilities for several years (2019-2022), indicating strong financial health.
Frequently Asked Questions about Library Association Of Ringwood
Is Library Association Of Ringwood a legitimate charity?
Library Association Of Ringwood (EIN: 221803021) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $628K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Library Association Of Ringwood spend its money?
Library Association Of Ringwood directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Library Association Of Ringwood tax-deductible?
Library Association Of Ringwood is registered as a tax-exempt nonprofit (EIN: 221803021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Library Association Of Ringwood CEO make?
Library Association Of Ringwood's highest-compensated officer earns $0 annually. The organization reported $628K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Library Association Of Ringwood's spending goes to programs?
Library Association Of Ringwood directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Library Association Of Ringwood located?
Library Association Of Ringwood is headquartered in Ringwood, New Jersey and files with the IRS under EIN 221803021.
How many years of IRS 990 filings does Library Association Of Ringwood have?
Library Association Of Ringwood 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 $628K in total revenue.
What does Library Association Of Ringwood do?
Library Association Of Ringwood is a nonprofit organization in the Unknown sector, located in Ringwood, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Library Association Of Ringwood have?
Library Association Of Ringwood reported total revenue of $627,639. Based on 13 IRS 990 filings on record.
What are Library Association Of Ringwood's total assets?
Library Association Of Ringwood holds total assets of $754,553 as reported in IRS 990 filings.
Where is Library Association Of Ringwood located?
Library Association Of Ringwood is based in Ringwood, New Jersey.
What is Library Association Of Ringwood's EIN?
Library Association Of Ringwood's Employer Identification Number (EIN) is 221803021. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Library Association Of Ringwood?
Library Association Of Ringwood is classified under NTEE code Unknown (Unknown).
Is Library Association Of Ringwood a registered 501(c)(3)?
Library Association Of Ringwood appears in IRS records (EIN: 221803021). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Library Association Of Ringwood file IRS Form 990?
Yes, Library Association Of Ringwood has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Library Association Of Ringwood's revenue in 2023?
In the 202312 filing period, Library Association Of Ringwood reported total revenue of $616,734, total expenses of $616,096, and net assets of $752,957.
Is Library Association Of Ringwood's revenue growing or declining?
Library Association Of Ringwood's revenue is relatively stable. Revenue went from $615,397 (202212) to $616,734 (202312), a +0.2% change. Based on 13 filings on record.
What is Library Association Of Ringwood's most recent 990 filing?
The most recent IRS Form 990 filing for Library Association Of Ringwood covers tax period 202312. It shows revenue of $616,734, expenses of $616,096, total assets of $752,957, and liabilities of $48,856.
How much does Library Association Of Ringwood spend on programs vs administration?
Based on IRS 990 analysis, Library Association Of Ringwood allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Library Association Of Ringwood a trustworthy charity?
Based on AI analysis of IRS 990 data, Library Association Of Ringwood appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Library Association Of Ringwood's strengths?
Positive indicators for Library Association Of Ringwood include: Consistent revenue generation, with 2023 revenue at $616,734.. Strong program spending, with expenses of $616,096 in 2023, closely aligning with revenue.. Healthy asset base, with $752,957 in assets reported for 2023.. No reported liabilities for several years (2019-2022), indicating strong financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Library Association Of Ringwood compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally compensated leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the organization ensure leadership continuity and professional management?
The consistent reporting of $0 for executive compensation suggests that leadership roles may be filled by volunteers, or compensated through a separate entity not reflected in these filings. Further investigation into their operational model would be needed to understand leadership continuity.
What is the explanation for the significant drop in assets from $1,134,171 in 2022 to $752,957 in 2023, while revenue remained stable?
The decrease in assets by approximately $381,214 between 2022 and 2023, despite stable revenue, warrants further inquiry. This could be due to significant capital expenditures, investment losses, or a change in asset valuation methods not immediately apparent from the provided data.
Filing History
IRS 990 filing history for Library Association Of Ringwood showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Library Association Of Ringwood's revenue has declined by 3.6%, moving from $640K to $617K. Total assets increased by 92.7% over the same period, from $391K to $753K. Total functional expenses fell by 5.5%, from $652K to $616K. In its most recent filing year (2023), Library Association Of Ringwood reported a surplus of $638, with revenue exceeding expenses. The organization holds $49K in liabilities against $753K in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $704K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $617K | $616K | $753K | $49K | — | — |
| 2022 | $615K | $395K | $1.1M | $0 | — | View 990 |
| 2021 | $618K | $601K | $913K | $0 | — | View 990 |
| 2020 | $661K | $504K | $894K | $0 | — | View 990 |
| 2019 | $619K | $561K | $711K | $0 | — | View 990 |
| 2018 | $632K | $561K | $629K | $3K | — | View 990 |
| 2017 | $671K | $605K | $572K | $3K | — | View 990 |
| 2016 | $678K | $643K | $496K | $3K | — | View 990 |
| 2015 | $699K | $683K | $457K | $3K | — | View 990 |
| 2014 | $683K | $649K | $411K | $2K | — | View 990 |
| 2013 | $672K | $666K | $378K | $2K | — | View 990 |
| 2012 | $648K | $661K | $378K | $8K | — | View 990 |
| 2011 | $640K | $652K | $391K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $617K, expenses of $616K, and assets of $753K (revenue +0.2% year-over-year).
- 2022: Revenue of $615K, expenses of $395K, and assets of $1.1M (revenue -0.4% year-over-year).
- 2021: Revenue of $618K, expenses of $601K, and assets of $913K (revenue -6.5% year-over-year).
- 2020: Revenue of $661K, expenses of $504K, and assets of $894K (revenue +6.7% year-over-year).
- 2019: Revenue of $619K, expenses of $561K, and assets of $711K (revenue -2.0% year-over-year).
- 2018: Revenue of $632K, expenses of $561K, and assets of $629K (revenue -5.8% year-over-year).
- 2017: Revenue of $671K, expenses of $605K, and assets of $572K (revenue -1.0% year-over-year).
- 2016: Revenue of $678K, expenses of $643K, and assets of $496K (revenue -3.0% year-over-year).
- 2015: Revenue of $699K, expenses of $683K, and assets of $457K (revenue +2.4% year-over-year).
- 2014: Revenue of $683K, expenses of $649K, and assets of $411K (revenue +1.6% year-over-year).
- 2013: Revenue of $672K, expenses of $666K, and assets of $378K (revenue +3.7% year-over-year).
- 2012: Revenue of $648K, expenses of $661K, and assets of $378K (revenue +1.3% year-over-year).
- 2011: Revenue of $640K, expenses of $652K, and assets of $391K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Library Association Of Ringwood:
Data Sources and Methodology
This transparency report for Library Association Of Ringwood 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.