Mattituck Laurel Library
Mattituck Laurel Library shows consistent revenue growth and strong asset accumulation over the past decade.
EIN: 111677136 · Mattituck, NY · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| Net Assets | $2.9M |
| Transparency Score | 90/100 |
Is Mattituck Laurel Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mattituck Laurel Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mattituck Laurel Library
Mattituck Laurel Library (EIN: 111677136) is a nonprofit organization based in Mattituck, NY, classified under NTEE code B71Z. The organization reported total revenue of $1.8M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mattituck Laurel Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mattituck Laurel Library is a mid-size nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$206K |
| Total Assets | $3.0M |
| Total Liabilities | $154K |
| Net Assets | $2.9M |
| Operating Margin | 12.3% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 24.9 months |
Financial Health Grade: A
In 2023, Mattituck Laurel Library reported a surplus of $206K with revenue exceeding expenses, holds 24.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mattituck Laurel Library's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | -1.3% | +1.7% |
| 2022 | -8.2% | +13.2% | -3.1% |
| 2021 | +14.2% | -0.9% | +47.1% |
| 2020 | -0.6% | -5.9% | +11.2% |
| 2019 | -0.1% | +5.0% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1962 |
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 Mattituck Laurel 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, Mattituck Laurel 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $206K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is a positive indicator for resource allocation directly to library services.
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 Mattituck Laurel Library's IRS 990 filings:
- None apparent based on the provided financial data.
Strengths
The following positive indicators were identified for Mattituck Laurel Library:
- Consistent revenue growth, from $1,373,461 in 2014 to $1,673,606 in 2023.
- Significant asset accumulation, nearly doubling from $1,722,687 in 2014 to $3,043,000 in 2023.
- Consistent operational surpluses (revenue exceeding expenses) indicating financial stability.
- 0% reported officer compensation across all filings, suggesting efficient use of funds for programs.
- Strong transparency with 13 consistent IRS 990 filings.
Frequently Asked Questions about Mattituck Laurel Library
Is Mattituck Laurel Library a legitimate charity?
Mattituck Laurel Library (EIN: 111677136) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Mattituck Laurel Library spend its money?
Mattituck Laurel Library directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mattituck Laurel Library tax-deductible?
Mattituck Laurel Library is registered as a tax-exempt nonprofit (EIN: 111677136). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mattituck Laurel Library's spending goes to programs?
Mattituck Laurel Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mattituck Laurel Library compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mattituck Laurel 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 Mattituck Laurel Library located?
Mattituck Laurel Library is headquartered in Mattituck, New York and files with the IRS under EIN 111677136. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Mattituck Laurel Library have?
Mattituck Laurel 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 $1.8M in total revenue.
Is Mattituck Laurel Library a good charity?
Based on its financial data, Mattituck Laurel Library appears to be a very good charity. It demonstrates consistent financial stability, growth in assets, and a strong commitment to its mission, as evidenced by its consistent surpluses and lack of reported officer compensation.
How has the library's financial health changed over the last 10 years?
The library's financial health has significantly improved over the last 10 years. Revenue has grown from $1,373,461 in 2014 to $1,673,606 in 2023, and assets have nearly doubled from $1,722,687 to $3,043,000 in the same period, indicating strong financial management and growth.
What is the library's approach to executive compensation?
The Mattituck Laurel Library consistently reports 0% officer compensation in its IRS 990 filings, suggesting that its executive leadership may be volunteer-based or compensated through other means not classified as officer compensation, which is a highly efficient use of funds.
Filing History
IRS 990 filing history for Mattituck Laurel Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mattituck Laurel Library's revenue has grown by 32.5%, moving from $1.3M to $1.7M. Total assets increased by 60.2% over the same period, from $1.9M to $3.0M. Total functional expenses rose by 19.9%, from $1.2M to $1.5M. In its most recent filing year (2023), Mattituck Laurel Library reported a surplus of $206K, with revenue exceeding expenses. The organization holds $154K in liabilities against $3.0M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.5M | $3.0M | $154K | — | View 990 |
| 2022 | $1.6M | $1.5M | $3.0M | $310K | — | — |
| 2021 | $1.8M | $1.3M | $3.1M | $539K | — | View 990 |
| 2020 | $1.5M | $1.3M | $2.1M | $0 | — | View 990 |
| 2019 | $1.6M | $1.4M | $1.9M | $7K | — | View 990 |
| 2018 | $1.6M | $1.3M | $1.9M | $146K | — | View 990 |
| 2017 | $1.5M | $1.3M | $1.8M | $270K | — | View 990 |
| 2016 | $1.4M | $1.2M | $1.8M | $395K | — | View 990 |
| 2015 | $1.4M | $1.3M | $1.7M | $510K | — | View 990 |
| 2014 | $1.4M | $1.3M | $1.7M | $620K | — | View 990 |
| 2013 | $1.4M | $1.3M | $1.8M | $725K | — | View 990 |
| 2012 | $1.3M | $1.3M | $1.8M | $825K | — | View 990 |
| 2011 | $1.3M | $1.2M | $1.9M | $920K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.5M, and assets of $3.0M (revenue +3.3% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $3.0M (revenue -8.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.3M, and assets of $3.1M (revenue +14.2% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.3M, and assets of $2.1M (revenue -0.6% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.4M, and assets of $1.9M (revenue -0.1% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.3M, and assets of $1.9M (revenue +5.8% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.3M, and assets of $1.8M (revenue +5.2% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.2M, and assets of $1.8M (revenue -2.3% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $1.7M (revenue +4.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $1.7M (revenue +1.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $1.8M (revenue +5.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $1.8M (revenue +2.3% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.2M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mattituck Laurel Library:
Data Sources and Methodology
This transparency report for Mattituck Laurel 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.