Nyack Library

Nyack Library maintains stable operations with no reported officer compensation, despite a gradual decline in assets over the past decade.

EIN: 131867418 · Nyack, NY · NTEE: B71Z · Updated: 2026-03-28

$3.6MRevenue

$11.9MAssets

95/100Mission Score (Excellent)

B71Z

About Nyack Library

Nyack Library (EIN: 131867418) is a nonprofit organization based in Nyack, NY, classified under NTEE code B71Z. The organization reported total revenue of $3.6M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nyack Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Nyack Library demonstrates consistent financial operations, with revenues generally keeping pace with expenses over the past decade. For instance, in 2023, expenses of $3,269,082 were slightly above revenues of $3,256,420, indicating a minor deficit for that period. However, in 2022, revenues of $3,118,005 exceeded expenses of $2,892,521, showing a surplus. The organization's assets have seen a gradual decline from a high of $14,827,742 in 2014 to $11,870,602 in 2023, while liabilities have also decreased from $11,274,840 to $7,940,611 over the same period. This suggests a managed reduction in overall financial scale rather than uncontrolled decline.

Spending efficiency appears stable, with no reported officer compensation across all available filings, which is a strong indicator of efficient use of funds for a public library. The NTEE code B71Z (Public Libraries) aligns with its mission, and the consistent revenue streams, likely from local government funding and community support, provide a stable base. The organization's financial health, while showing a slight reduction in asset base, remains robust enough to support its operations.

Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of financial metrics. The absence of officer compensation is a notable positive for transparency and public trust, indicating that the organization's leadership is likely volunteer-based or compensated through other means not classified as officer compensation on the 990, which is common for public libraries.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Nyack Library with a Mission Score of 95 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: 90%
fundraising: 0%

According to IRS 990 filings, Nyack Library allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are either uncompensated or compensated below the reporting threshold for Form 990, which is highly favorable for a public library and suggests efficient use of funds.

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 Nyack Library's IRS 990 filings:

Gradual decline in total assets over the past decade, from $14.8M in 2014 to $11.8M in 2023.

Strengths

The following positive indicators were identified for Nyack Library:

Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
Stable revenue streams, generally covering expenses over the past decade.
High transparency with consistent IRS 990 filings.
Liabilities have also decreased in proportion to assets, suggesting managed financial adjustments.
Strong alignment with its NTEE code (Public Libraries) and clear public benefit.

Frequently Asked Questions about Nyack Library

Is Nyack Library a good charity?

Based on the available IRS 990 data, Nyack Library appears to be a very good charity. It consistently reports 0% officer compensation, indicating that funds are directed towards its mission rather than high executive salaries. Its financial operations are stable, with revenues generally covering expenses.

How has Nyack Library's asset base changed over time?

Nyack Library's assets have gradually decreased from a high of $14,827,742 in 2014 to $11,870,602 in 2023. This trend is accompanied by a similar reduction in liabilities, suggesting a managed adjustment rather than a sign of financial distress.

What is the organization's spending efficiency?

The organization demonstrates high spending efficiency, particularly due to the consistent reporting of 0% officer compensation across all filings. This indicates that a very high proportion of its expenses are likely directed towards program services and essential administrative functions.

Filing History

IRS 990 filing history for Nyack Library showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Nyack Library's revenue has grown by 15.4%, moving from $2.8M to $3.3M. Total assets decreased by 27.8% over the same period, from $16.4M to $11.9M. Total functional expenses rose by 6.7%, from $3.1M to $3.3M. In its most recent filing year (2023), Nyack Library reported a deficit of $13K, with expenses exceeding revenue. The organization holds $7.9M in liabilities against $11.9M in assets (debt-to-asset ratio: 66.9%), resulting in net assets of $3.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.3M	$3.3M	$11.9M	$7.9M	—	View 990
2022	$3.1M	$2.9M	$12.1M	$8.1M	—	View 990
2021	$3.1M	$2.9M	$12.7M	$8.9M	—	View 990
2020	$3.1M	$3.1M	$12.8M	$9.4M	—	View 990
2019	$3.3M	$3.2M	$12.0M	$8.6M	—	View 990
2018	$3.1M	$3.1M	$13.4M	$10.1M	—	View 990
2017	$3.0M	$3.1M	$14.0M	$10.8M	—	View 990
2016	$3.0M	$3.0M	$14.6M	$11.3M	—	View 990
2015	$2.9M	$3.0M	$14.4M	$11.1M	—	View 990
2014	$2.9M	$3.0M	$14.8M	$11.3M	—	View 990
2013	$3.1M	$3.3M	$15.3M	$11.4M	—	View 990
2012	$2.8M	$3.1M	$15.9M	$11.7M	—	View 990
2011	$2.8M	$3.1M	$16.4M	$11.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.3M, expenses of $3.3M, and assets of $11.9M (revenue +4.4% year-over-year).
2022: Revenue of $3.1M, expenses of $2.9M, and assets of $12.1M (revenue +0.4% year-over-year).
2021: Revenue of $3.1M, expenses of $2.9M, and assets of $12.7M (revenue -1.3% year-over-year).
2020: Revenue of $3.1M, expenses of $3.1M, and assets of $12.8M (revenue -4.3% year-over-year).
2019: Revenue of $3.3M, expenses of $3.2M, and assets of $12.0M (revenue +6.6% year-over-year).
2018: Revenue of $3.1M, expenses of $3.1M, and assets of $13.4M (revenue +2.1% year-over-year).
2017: Revenue of $3.0M, expenses of $3.1M, and assets of $14.0M (revenue +2.2% year-over-year).
2016: Revenue of $3.0M, expenses of $3.0M, and assets of $14.6M (revenue +0.7% year-over-year).
2015: Revenue of $2.9M, expenses of $3.0M, and assets of $14.4M (revenue +1.8% year-over-year).
2014: Revenue of $2.9M, expenses of $3.0M, and assets of $14.8M (revenue -6.2% year-over-year).
2013: Revenue of $3.1M, expenses of $3.3M, and assets of $15.3M (revenue +9.6% year-over-year).
2012: Revenue of $2.8M, expenses of $3.1M, and assets of $15.9M (revenue -0.6% year-over-year).
2011: Revenue of $2.8M, expenses of $3.1M, and assets of $16.4M.

Data Sources and Methodology

This transparency report for Nyack 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.