Mount Vernon Public Library
Mount Vernon Public Library shows consistent asset growth and no reported officer compensation over five years.
EIN: 136007013 · Mount Vernon, NY · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $4.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4,839,265. |
| Net Assets | $2.1M |
| Transparency Score | 92/100 |
Is Mount Vernon Public Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Vernon Public Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount Vernon Public Library
Mount Vernon Public Library (EIN: 136007013) is a nonprofit organization based in Mount Vernon, NY, classified under NTEE code B70. The organization reported total revenue of $4.8M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Vernon Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Vernon Public Library is a mid-size nonprofit that has been operating for 2 years, with 5 years of IRS 990 filings on record (2013–2017). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$381K |
| Total Assets | $2.5M |
| Total Liabilities | $419K |
| Net Assets | $2.1M |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 16.8% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2017, Mount Vernon Public Library reported a surplus of $381K with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 16.8% (very low leverage).
Financial Trends
Over 5 years of filings (2013–2017), Mount Vernon Public Library's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +0.9% | -3.5% | +23.3% |
| 2016 | +2.4% | +7.7% | +21.8% |
| 2015 | +56.7% | +85.9% | +27.2% |
| 2014 | -17.9% | -38.9% | +49.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2024 |
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 Mount Vernon Public Library 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Mount Vernon Public Library allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $381K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of its size with current revenue of $4,839,265. This suggests a strong dedication to directing funds towards the library's mission rather than executive salaries.
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 Mount Vernon Public Library:
- Consistent asset growth, from $872,712 in 2013 to $2,797,531 currently.
- Prudent expense management, with revenue generally exceeding expenses (e.g., 2017 revenue $4,587,447 vs. expenses $4,206,470).
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Strong financial stability with increasing net assets over the past five years.
Frequently Asked Questions about Mount Vernon Public Library
Is Mount Vernon Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Vernon Public Library (EIN: 136007013) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Mount Vernon Public Library spend its money?
Mount Vernon Public Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount Vernon Public Library tax-deductible?
Mount Vernon Public Library is registered as a tax-exempt nonprofit (EIN: 136007013). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mount Vernon Public Library CEO make?
Mount Vernon Public Library's highest-compensated officer earns $4,839,265. annually. The organization reported $4.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mount Vernon Public Library's spending goes to programs?
Mount Vernon Public Library directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mount Vernon Public Library compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mount Vernon Public Library is above average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mount Vernon Public Library located?
Mount Vernon Public Library is headquartered in Mount Vernon, New York and files with the IRS under EIN 136007013. It is classified under NTEE code B70.
How many years of IRS 990 filings does Mount Vernon Public Library have?
Mount Vernon Public Library has 5 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 $4.8M in total revenue.
Is Mount Vernon Public Library a good charity?
Based on the provided IRS 990 data, Mount Vernon Public Library appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, prudent expense management (e.g., 2017 revenue of $4,587,447 against expenses of $4,206,470), and notably, 0% reported officer compensation across all filings, indicating a high dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $872,712 in 2013 to $2,797,531 currently, and revenue has consistently outpaced expenses in most recent periods, leading to a healthy accumulation of net assets.
What is the significance of 0% officer compensation?
The 0% officer compensation reported across all filings is highly significant. It suggests that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, allowing a greater proportion of funds to be allocated directly to programs and operations.
Filing History
IRS 990 filing history for Mount Vernon Public Library showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2013–2017), Mount Vernon Public Library's revenue has grown by 32.8%, moving from $3.5M to $4.6M. Total assets increased by 185.8% over the same period, from $873K to $2.5M. Total functional expenses rose by 18%, from $3.6M to $4.2M. In its most recent filing year (2017), Mount Vernon Public Library reported a surplus of $381K, with revenue exceeding expenses. The organization holds $419K in liabilities against $2.5M in assets (debt-to-asset ratio: 16.8%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $4.6M | $4.2M | $2.5M | $419K | — | View 990 |
| 2016 | $4.5M | $4.4M | $2.0M | $329K | — | View 990 |
| 2015 | $4.4M | $4.0M | $1.7M | $157K | — | View 990 |
| 2014 | $2.8M | $2.2M | $1.3M | $198K | — | View 990 |
| 2013 | $3.5M | $3.6M | $873K | $424K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $4.6M, expenses of $4.2M, and assets of $2.5M (revenue +0.9% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.4M, and assets of $2.0M (revenue +2.4% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.0M, and assets of $1.7M (revenue +56.7% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.2M, and assets of $1.3M (revenue -17.9% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.6M, and assets of $873K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Vernon Public Library:
Data Sources and Methodology
This transparency report for Mount Vernon Public 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.