Penfield Public Library
Penfield Public Library maintains stable finances with consistent revenue and expenses, growing assets, and no reported officer compensation.
EIN: 160818751 · Penfield, NY · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $255K |
| Transparency Score | 85/100 |
Is Penfield Public Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penfield Public Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penfield Public Library
Penfield Public Library (EIN: 160818751) is a nonprofit organization based in Penfield, NY, classified under NTEE code B71Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penfield Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penfield Public Library is a mid-size nonprofit that has been operating for 32 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$78K |
| Total Assets | $308K |
| Total Liabilities | $53K |
| Net Assets | $255K |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 17.2% |
| Months of Reserves | 2.1 months |
Financial Health Grade: A
In 2015, Penfield Public Library reported a surplus of $78K with revenue exceeding expenses, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 17.2% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Penfield Public Library's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +1.7% | -0.2% | +24.7% |
| 2014 | +1.6% | -1.2% | +3.0% |
| 2013 | +2.8% | +4.5% | -5.2% |
| 2012 | +0.1% | +1.0% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
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 Penfield 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, Penfield 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.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all five filings, suggesting either a fully volunteer executive leadership or that executive salaries are categorized under other operational expenses, which limits direct assessment of leadership costs relative to the organization's $1.7 million annual revenue.
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 Penfield Public Library's IRS 990 filings:
- Lack of detailed officer compensation reporting on 990s, making it difficult to assess leadership costs.
Strengths
The following positive indicators were identified for Penfield Public Library:
- Consistent revenue and expense management, maintaining financial stability.
- Growing asset base, increasing from $235,653 in 2011 to $307,554 in 2015.
- Decreasing liabilities, from $73,408 in 2011 to $52,773 in 2015, indicating good debt management.
- Strong program focus inherent in a public library's mission, with expenses closely matching revenue for operations.
Frequently Asked Questions about Penfield Public Library
Is Penfield Public Library a legitimate charity?
Penfield Public Library (EIN: 160818751) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Penfield Public Library spend its money?
Penfield Public Library directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Penfield Public Library tax-deductible?
Penfield Public Library is registered as a tax-exempt nonprofit (EIN: 160818751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Penfield Public Library CEO make?
Penfield Public Library's highest-compensated officer earns $1.7 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Penfield Public Library's spending goes to programs?
Penfield Public Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Penfield Public Library compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Penfield Public 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 Penfield Public Library located?
Penfield Public Library is headquartered in Penfield, New York and files with the IRS under EIN 160818751. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Penfield Public Library have?
Penfield 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.
Is Penfield Public Library a good charity?
Based on the available IRS 990 data, the Penfield Public Library appears to be a financially stable organization with consistent revenue and expenses, growing assets, and decreasing liabilities. Its mission as a public library inherently serves the community directly. The lack of reported officer compensation is a unique aspect that could be interpreted positively (low overhead) or as an area for more detailed transparency.
How does Penfield Public Library manage its funds?
The library manages its funds by maintaining a close balance between revenue and expenses, typically generating a small surplus (e.g., $77,737 in 2015). It has also consistently grown its assets from $235,653 in 2011 to $307,554 in 2015, while reducing liabilities, indicating prudent financial management.
What is the trend in the library's financial health?
The library's financial health shows a positive trend. Assets have increased from $235,653 in 2011 to $307,554 in 2015, and liabilities have decreased from $73,408 in 2011 to $52,773 in 2015. Revenues and expenses have remained stable around $1.7 million, indicating consistent operations and growth in net assets.
Filing History
IRS 990 filing history for Penfield Public Library showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Penfield Public Library's revenue has grown by 6.3%, moving from $1.7M to $1.8M. Total assets increased by 30.5% over the same period, from $236K to $308K. Total functional expenses rose by 4%, from $1.7M to $1.7M. In its most recent filing year (2015), Penfield Public Library reported a surplus of $78K, with revenue exceeding expenses. The organization holds $53K in liabilities against $308K in assets (debt-to-asset ratio: 17.2%), resulting in net assets of $255K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1.8M | $1.7M | $308K | $53K | — | View 990 |
| 2014 | $1.8M | $1.8M | $247K | $63K | — | View 990 |
| 2013 | $1.8M | $1.8M | $239K | $64K | — | View 990 |
| 2012 | $1.7M | $1.7M | $253K | $70K | — | View 990 |
| 2011 | $1.7M | $1.7M | $236K | $73K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $308K (revenue +1.7% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $247K (revenue +1.6% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $239K (revenue +2.8% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $253K (revenue +0.1% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $236K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penfield Public Library:
Data Sources and Methodology
This transparency report for Penfield 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.