Locust Valley Library

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Locust Valley Library Form 990, Revenue, CEO Pay, and IRS Filing Signals

Locust Valley Library is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Locust Valley Library in one place.

Is Locust Valley Library Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Locust Valley Library shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Locust Valley Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Locust Valley Library

Locust Valley Library (EIN: 111797178) is a nonprofit organization based in Locust Valley, NY, classified under NTEE code B71Z. The organization reported total revenue of $1.9M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Locust Valley Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Locust Valley Library is a mid-size nonprofit that has been operating for 61 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.6%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Locust Valley Library reported a surplus of $112K with revenue exceeding expenses, holds 31.3 months of operating reserves (strong position), has a debt-to-asset ratio of 65.9% (high leverage).

Financial Trends

Over 14 years of filings (2011–2024), Locust Valley Library's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.

IRS Tax-Exempt Classification

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 Locust Valley Library with a Mission Score of 90 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, Locust Valley 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.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $112K, with revenue exceeding expenses.
• Debt-to-asset ratio: 65.9%.

Executive Compensation Analysis

Locust Valley Library consistently reports 0% officer compensation across all available filings, indicating a highly efficient and likely volunteer-led executive structure, which is commendable for an organization of its size with nearly $1.9 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 Locust Valley Library's IRS 990 filings:

• Significant increase in liabilities over the past decade without detailed explanation in summary data.

Strengths

The following positive indicators were identified for Locust Valley Library:

• Consistent 0% officer compensation, indicating highly efficient use of funds.
• Stable financial health with consistent revenue streams and controlled expenses.
• Steady growth in net assets over the past decade, from $2.8M in 2015 to $4.5M in 2024.
• Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency and compliance.

Frequently Asked Questions about Locust Valley Library

Filing History

IRS 990 filing history for Locust Valley Library showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Locust Valley Library's revenue has grown by 22.5%, moving from $1.5M to $1.8M. Total assets increased by 109.9% over the same period, from $2.1M to $4.5M. Total functional expenses rose by 15%, from $1.5M to $1.7M. In its most recent filing year (2024), Locust Valley Library reported a surplus of $112K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $4.5M in assets (debt-to-asset ratio: 65.9%), resulting in net assets of $1.5M.

Year-by-Year Financial Summary

• 2024: Revenue of $1.8M, expenses of $1.7M, and assets of $4.5M (revenue +7.6% year-over-year).
• 2023: Revenue of $1.7M, expenses of $1.8M, and assets of $4.4M (revenue +3.4% year-over-year).
• 2022: Revenue of $1.6M, expenses of $1.8M, and assets of $4.4M (revenue -17.5% year-over-year).
• 2021: Revenue of $2.0M, expenses of $1.7M, and assets of $4.3M (revenue +25.2% year-over-year).
• 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $4.2M (revenue -8.2% year-over-year).
• 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $3.6M (revenue +7.0% year-over-year).
• 2018: Revenue of $1.6M, expenses of $1.7M, and assets of $3.4M (revenue -1.2% year-over-year).
• 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $3.3M (revenue -4.8% year-over-year).
• 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $3.1M (revenue +0.1% year-over-year).
• 2015: Revenue of $1.7M, expenses of $1.5M, and assets of $2.9M (revenue +11.3% year-over-year).
• 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $2.6M (revenue +0.3% year-over-year).
• 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $2.5M (revenue +0.4% year-over-year).
• 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $2.3M (revenue +2.8% year-over-year).
• 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $2.1M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Locust Valley Library:

Data Sources and Methodology

This transparency report for Locust Valley 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.