Naples Public Library
Naples Public Library maintains stable finances with no reported officer compensation.
EIN: 16015247 · Naples, ME · NTEE: B71Z · Updated: 2026-03-28
Is Naples Public Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Naples Public Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Naples Public Library
Naples Public Library (EIN: 16015247) is a nonprofit organization based in Naples, ME, classified under NTEE code B71Z. The organization reported total revenue of $1.3M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Naples Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Naples Public Library 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Naples Public 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for a nonprofit of its size with assets exceeding $2 million.
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 Naples Public Library:
- Consistent asset growth, from $2,004,639 in 2015 to $2,467,661 in 2024, indicating financial stability.
- Zero reported officer compensation across all 14 filings, demonstrating a commitment to minimizing administrative overhead.
- Generally operates with a revenue surplus, such as $261,614 revenue against $193,086 expenses in 2024, ensuring sustainability.
- Healthy asset base of $2,644,633 relative to its annual revenue, providing a strong financial cushion.
Frequently Asked Questions about Naples Public Library
Is Naples Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Naples Public Library (EIN: 16015247) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Naples Public Library spend its money?
Naples Public Library directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Naples Public Library tax-deductible?
Naples Public Library is registered as a tax-exempt nonprofit (EIN: 16015247). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Naples Public Library a good charity?
Based on the provided data, Naples Public Library appears to be a well-managed organization. It consistently maintains a healthy asset base, generally operates with a revenue surplus, and notably reports 0% officer compensation, suggesting a strong dedication to its mission and efficient use of funds.
How has the library's financial position changed over the last decade?
The library's financial position has strengthened over the last decade, with assets increasing from $2,004,639 in 2015 to $2,467,661 in 2024. Revenue and expenses have also shown a general upward trend, indicating growth in operations and funding.
What is the trend in the library's revenue and expenses?
Revenue has fluctuated but generally increased, from $135,252 in 2016 to $261,614 in 2024. Expenses have followed a similar pattern, rising from $152,914 in 2016 to $193,086 in 2024, indicating an expansion of services and operations.
Filing History
IRS 990 filing history for Naples Public Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Naples Public Library's revenue has grown by 71.9%, moving from $152K to $262K. Total assets increased by 30.6% over the same period, from $1.9M to $2.5M. Total functional expenses rose by 26.4%, from $153K to $193K. In its most recent filing year (2024), Naples Public Library reported a surplus of $69K, with revenue exceeding expenses. The organization holds $1K in liabilities against $2.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $262K | $193K | $2.5M | $1K | — | — |
| 2023 | $174K | $178K | $2.3M | $1 | — | View 990 |
| 2022 | $222K | $185K | $2.2M | $325 | — | View 990 |
| 2021 | $214K | $162K | $2.4M | $0 | — | — |
| 2020 | $208K | $166K | $2.1M | $0 | — | — |
| 2019 | $160K | $163K | $2.1M | $0 | — | View 990 |
| 2018 | $178K | $167K | $2.0M | $0 | — | View 990 |
| 2017 | $161K | $158K | $2.0M | $0 | — | View 990 |
| 2016 | $135K | $153K | $1.9M | $0 | — | View 990 |
| 2015 | $252K | $191K | $2.0M | $0 | — | View 990 |
| 2014 | $325K | $188K | $2.1M | $0 | — | View 990 |
| 2013 | $231K | $167K | $1.9M | $1 | — | View 990 |
| 2012 | $131K | $167K | $1.9M | $0 | — | View 990 |
| 2011 | $152K | $153K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $262K, expenses of $193K, and assets of $2.5M (revenue +50.5% year-over-year).
- 2023: Revenue of $174K, expenses of $178K, and assets of $2.3M (revenue -21.6% year-over-year).
- 2022: Revenue of $222K, expenses of $185K, and assets of $2.2M (revenue +3.3% year-over-year).
- 2021: Revenue of $214K, expenses of $162K, and assets of $2.4M (revenue +2.8% year-over-year).
- 2020: Revenue of $208K, expenses of $166K, and assets of $2.1M (revenue +30.0% year-over-year).
- 2019: Revenue of $160K, expenses of $163K, and assets of $2.1M (revenue -9.7% year-over-year).
- 2018: Revenue of $178K, expenses of $167K, and assets of $2.0M (revenue +10.1% year-over-year).
- 2017: Revenue of $161K, expenses of $158K, and assets of $2.0M (revenue +19.3% year-over-year).
- 2016: Revenue of $135K, expenses of $153K, and assets of $1.9M (revenue -46.4% year-over-year).
- 2015: Revenue of $252K, expenses of $191K, and assets of $2.0M (revenue -22.3% year-over-year).
- 2014: Revenue of $325K, expenses of $188K, and assets of $2.1M (revenue +41.0% year-over-year).
- 2013: Revenue of $231K, expenses of $167K, and assets of $1.9M (revenue +76.2% year-over-year).
- 2012: Revenue of $131K, expenses of $167K, and assets of $1.9M (revenue -14.0% year-over-year).
- 2011: Revenue of $152K, expenses of $153K, and assets of $1.9M.
Data Sources and Methodology
This transparency report for Naples 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.