New City Library
New City Library shows strong program spending and asset growth, but recent liability increases warrant scrutiny.
EIN: 131862482 · New City, NY · Updated: 2026-03-28
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New City Library is mapped to EIN 131862482.
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13 stored filing years available.
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75% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $4.6M |
| Program Spending | 75% |
| Net Assets | $11.5M |
| Transparency Score | 85/100 |
Search Intent Cockpit
New City Library Form 990, Revenue, CEO Pay, and IRS Filing Signals
New City 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 New City Library in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $6.1M and expenses of $4.6M.
Revenue and Expenses
New City Library reported $6.1M in revenue and $4.6M in expenses, a surplus of $1.5M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is New City 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
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
| Program services | $3.5M (75%) |
Across stored filings, New City Library shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
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New City, NY nonprofitsFollow the Money
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New City Library directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New City Library
New City Library (EIN: 131862482) is a nonprofit organization based in New City, NY. The organization reported total revenue of $6.4M and total assets of $18.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New City Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New City Library is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $21.4M |
| Total Liabilities | $9.9M |
| Net Assets | $11.5M |
| Operating Margin | 24.3% |
| Debt-to-Asset Ratio | 46.2% |
| Months of Reserves | 55.3 months |
Financial Health Grade: A
In 2023, New City Library reported a surplus of $1.5M with revenue exceeding expenses, holds 55.3 months of operating reserves (strong position), has a debt-to-asset ratio of 46.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New City Library's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | -2.6% | +21.9% |
| 2022 | +11.0% | +7.6% | +89.3% |
| 2021 | +1.4% | -7.8% | +14.5% |
| 2020 | +2.1% | +5.6% | +8.7% |
| 2019 | +1.4% | +-0.0% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1964 |
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 New City 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, New City Library allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is not compensated through salaries, which is a strong positive for directing funds to mission-related activities.
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 New City Library's IRS 990 filings:
- Rapid increase in liabilities from $421,776 in 2021 to $9,891,693 in 2023, which needs further explanation.
Strengths
The following positive indicators were identified for New City Library:
- Consistent high program spending ratio (75% in 2023).
- Steady revenue growth over the past decade, from $5,091,290 in 2014 to $6,136,764 in 2023.
- Zero reported officer compensation, indicating strong commitment to mission-first spending.
- Significant asset growth, from $5,199,682 in 2014 to $21,419,100 in 2023.
Frequently Asked Questions about New City Library
Is New City Library a legitimate charity?
New City Library (EIN: 131862482) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.4M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does New City Library spend its money?
New City Library directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New City Library tax-deductible?
New City Library is registered as a tax-exempt nonprofit (EIN: 131862482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New City Library's spending goes to programs?
New City Library directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New City Library located?
New City Library is headquartered in New City, New York and files with the IRS under EIN 131862482.
How many years of IRS 990 filings does New City Library have?
New City 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 $6.4M in total revenue.
Is New City Library a good charity?
Based on its consistent program spending (75% in 2023), steady revenue growth, and zero reported officer compensation, New City Library appears to be a well-managed and mission-focused organization. The significant increase in liabilities in recent years, however, would require further investigation to fully assess its long-term financial health.
Why have liabilities increased so dramatically?
Liabilities jumped from $421,776 in 2021 to $9,891,693 in 2023. This significant increase could be due to various factors such as capital projects, bond issuances, or other long-term debt. A detailed review of the organization's financial statements would be necessary to understand the specific reasons.
How does New City Library fund its operations?
The organization consistently generates over $5 million in revenue annually, reaching $6,136,764 in 2023. Given its nature as a library, funding likely comes from a mix of public grants, private donations, and potentially endowment income, though specific sources are not detailed in this summary.
Filing History
IRS 990 filing history for New City Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New City Library's revenue has grown by 27.2%, moving from $4.8M to $6.1M. Total assets increased by 373.3% over the same period, from $4.5M to $21.4M. Total functional expenses fell by 5.9%, from $4.9M to $4.6M. In its most recent filing year (2023), New City Library reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $9.9M in liabilities against $21.4M in assets (debt-to-asset ratio: 46.2%), resulting in net assets of $11.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $4.6M | $21.4M | $9.9M | — | — |
| 2022 | $6.2M | $4.8M | $17.6M | $7.5M | — | View 990 |
| 2021 | $5.5M | $4.4M | $9.3M | $422K | — | View 990 |
| 2020 | $5.5M | $4.8M | $8.1M | $355K | — | View 990 |
| 2019 | $5.4M | $4.6M | $7.5M | $366K | — | View 990 |
| 2018 | $5.3M | $4.6M | $6.6M | $311K | — | View 990 |
| 2017 | $5.3M | $4.6M | $6.2M | $632K | — | View 990 |
| 2016 | $5.2M | $4.7M | $5.7M | $880K | — | View 990 |
| 2015 | $5.2M | $5.0M | $5.5M | $1.2M | — | View 990 |
| 2014 | $5.1M | $4.9M | $5.2M | $1.2M | — | View 990 |
| 2013 | $5.1M | $4.5M | $5.2M | $1.3M | — | View 990 |
| 2012 | $4.9M | $4.6M | $4.7M | $1.5M | — | View 990 |
| 2011 | $4.8M | $4.9M | $4.5M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $4.6M, and assets of $21.4M (revenue -0.2% year-over-year).
- 2022: Revenue of $6.2M, expenses of $4.8M, and assets of $17.6M (revenue +11.0% year-over-year).
- 2021: Revenue of $5.5M, expenses of $4.4M, and assets of $9.3M (revenue +1.4% year-over-year).
- 2020: Revenue of $5.5M, expenses of $4.8M, and assets of $8.1M (revenue +2.1% year-over-year).
- 2019: Revenue of $5.4M, expenses of $4.6M, and assets of $7.5M (revenue +1.4% year-over-year).
- 2018: Revenue of $5.3M, expenses of $4.6M, and assets of $6.6M (revenue -0.2% year-over-year).
- 2017: Revenue of $5.3M, expenses of $4.6M, and assets of $6.2M (revenue +0.8% year-over-year).
- 2016: Revenue of $5.2M, expenses of $4.7M, and assets of $5.7M (revenue +1.3% year-over-year).
- 2015: Revenue of $5.2M, expenses of $5.0M, and assets of $5.5M (revenue +1.7% year-over-year).
- 2014: Revenue of $5.1M, expenses of $4.9M, and assets of $5.2M (revenue -0.4% year-over-year).
- 2013: Revenue of $5.1M, expenses of $4.5M, and assets of $5.2M (revenue +3.7% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.6M, and assets of $4.7M (revenue +2.2% year-over-year).
- 2011: Revenue of $4.8M, expenses of $4.9M, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New City Library:
Data Sources and Methodology
This transparency report for New City 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.