Louttit Library
EIN: 56016282 · W Greenwich, RI
| Metric | Value |
|---|---|
| Total Revenue | $299K |
| Total Expenses | $320K |
| Net Assets | $606K |
Search Intent Cockpit
Louttit Library Form 990, Revenue, CEO Pay, and IRS Filing Signals
Louttit 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 Louttit Library in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $312K and expenses of $320K.
Revenue and Expenses
Louttit Library reported $312K in revenue and $320K in expenses, a deficit of $8K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is Louttit Library Legit?
Insufficient Data
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
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Louttit Library shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade B | 12 stored filing years |
| Peer context | Compare with Lord Of Glory Ministries Inc | Rhode Island and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Lord Of Glory Ministries Inc →All Rhode Island nonprofits
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
W Greenwich, RI nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
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About Louttit Library
Louttit Library (EIN: 56016282) is a nonprofit organization based in W Greenwich, RI. The organization reported total revenue of $299K and total assets of $567K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louttit Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louttit Library is a small nonprofit that has been operating for 75 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $312K |
| Total Expenses | $320K |
| Surplus / Deficit | $-8,380 |
| Total Assets | $606K |
| Net Assets | $606K |
| Operating Margin | -2.7% |
| Months of Reserves | 22.7 months |
Financial Health Grade: B
In 2023, Louttit Library reported a deficit of $8K with expenses exceeding revenue, holds 22.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Louttit Library's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | +4.5% | -1.4% |
| 2022 | +13.9% | +4.8% | -1.3% |
| 2021 | +15.4% | +17.2% | -4.6% |
| 2020 | -25.4% | +10.4% | -8.4% |
| 2018 | +54.5% | +10.9% | +12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1951 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Louttit 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 Louttit 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 $8K, with expenses exceeding revenue.
Frequently Asked Questions about Louttit Library
Is Louttit Library a legitimate charity?
Louttit Library (EIN: 56016282) is a registered tax-exempt nonprofit based in Rhode Island. It has 12 years of IRS 990 filings on record. Total revenue: $299K. No red flags identified. Financial health grade: B.
How does Louttit Library spend its money?
Louttit Library reported $299K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Louttit Library tax-deductible?
Louttit Library is registered as a tax-exempt nonprofit (EIN: 56016282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Louttit Library located?
Louttit Library is headquartered in W Greenwich, Rhode Island and files with the IRS under EIN 56016282.
How many years of IRS 990 filings does Louttit Library have?
Louttit Library has 12 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 $299K in total revenue.
Filing History
IRS 990 filing history for Louttit Library showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Louttit Library's revenue has grown by 69%, moving from $185K to $312K. Total assets decreased by 8.1% over the same period, from $660K to $606K. Total functional expenses rose by 115%, from $149K to $320K. In its most recent filing year (2023), Louttit Library reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $312K | $320K | $606K | $0 | — | View 990 |
| 2022 | $299K | $307K | $615K | $0 | — | View 990 |
| 2021 | $262K | $293K | $623K | $0 | — | View 990 |
| 2020 | $227K | $250K | $653K | $0 | — | View 990 |
| 2018 | $305K | $226K | $713K | $0 | — | View 990 |
| 2017 | $197K | $204K | $634K | $0 | — | — |
| 2016 | $201K | $185K | $641K | $0 | — | View 990 |
| 2015 | $166K | $173K | $625K | $0 | — | View 990 |
| 2014 | $186K | $179K | $631K | $0 | — | View 990 |
| 2013 | $151K | $171K | $624K | $0 | — | View 990 |
| 2012 | $151K | $167K | $644K | $0 | — | View 990 |
| 2011 | $185K | $149K | $660K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $312K, expenses of $320K, and assets of $606K (revenue +4.4% year-over-year).
- 2022: Revenue of $299K, expenses of $307K, and assets of $615K (revenue +13.9% year-over-year).
- 2021: Revenue of $262K, expenses of $293K, and assets of $623K (revenue +15.4% year-over-year).
- 2020: Revenue of $227K, expenses of $250K, and assets of $653K (revenue -25.4% year-over-year).
- 2018: Revenue of $305K, expenses of $226K, and assets of $713K (revenue +54.5% year-over-year).
- 2017: Revenue of $197K, expenses of $204K, and assets of $634K (revenue -2.0% year-over-year).
- 2016: Revenue of $201K, expenses of $185K, and assets of $641K (revenue +20.9% year-over-year).
- 2015: Revenue of $166K, expenses of $173K, and assets of $625K (revenue -10.5% year-over-year).
- 2014: Revenue of $186K, expenses of $179K, and assets of $631K (revenue +23.5% year-over-year).
- 2013: Revenue of $151K, expenses of $171K, and assets of $624K (revenue -0.5% year-over-year).
- 2012: Revenue of $151K, expenses of $167K, and assets of $644K (revenue -18.1% year-over-year).
- 2011: Revenue of $185K, expenses of $149K, and assets of $660K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louttit Library:
Data Sources and Methodology
This transparency report for Louttit 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.