Placitas Community Library
Placitas Community Library shows consistent revenue growth and strong program spending efficiency with no executive compensation.
EIN: 200791230 · Placitas, NM · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $195K |
| Total Expenses | $122K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $194,696 |
| Net Assets | $512K |
| Transparency Score | 92/100 |
Is Placitas Community Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Placitas Community Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Placitas Community Library
Placitas Community Library (EIN: 200791230) is a nonprofit organization based in Placitas, NM, classified under NTEE code B70. The organization reported total revenue of $195K and total assets of $557K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Placitas Community Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Placitas Community Library is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $153K |
| Total Expenses | $122K |
| Surplus / Deficit | +$31K |
| Total Assets | $515K |
| Total Liabilities | $2K |
| Net Assets | $512K |
| Operating Margin | 20.3% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 50.6 months |
Financial Health Grade: A
In 2023, Placitas Community Library reported a surplus of $31K with revenue exceeding expenses, holds 50.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Placitas Community Library's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.4% | +12.0% | +6.4% |
| 2022 | +15.8% | -4.7% | +3.6% |
| 2021 | +20.1% | +22.3% | -1.8% |
| 2020 | +-0.0% | -36.2% | -51.1% |
| 2019 | -62.8% | +27.9% | +57.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Placitas Community 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Placitas Community Library allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Placitas Community Library consistently reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through non-officer roles, which is highly commendable for a small organization of its size (latest revenue $194,696).
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 Placitas Community Library:
- Consistent revenue growth (from $98,779 in 2020 to $153,101 in 2023).
- Zero officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
- Healthy and growing asset base ($514,570 in 2023).
- Minimal liabilities ($2,075 in 2023), indicating strong financial management.
- Strong program focus with a high percentage of expenses likely directed to mission-related activities.
Frequently Asked Questions about Placitas Community Library
Is Placitas Community Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Placitas Community Library (EIN: 200791230) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Placitas Community Library spend its money?
Placitas Community Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Placitas Community Library tax-deductible?
Placitas Community Library is registered as a tax-exempt nonprofit (EIN: 200791230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Placitas Community Library CEO make?
Placitas Community Library's highest-compensated officer earns $194,696 annually. The organization reported $195K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Placitas Community Library's spending goes to programs?
Placitas Community Library directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Placitas Community Library compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Placitas Community 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 Placitas Community Library located?
Placitas Community Library is headquartered in Placitas, New Mexico and files with the IRS under EIN 200791230. It is classified under NTEE code B70.
How many years of IRS 990 filings does Placitas Community Library have?
Placitas Community 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 $195K in total revenue.
Is Placitas Community Library a good charity?
Based on its financial data, Placitas Community Library appears to be a very good charity. It demonstrates strong program spending, consistent revenue growth, healthy asset accumulation, and exceptional transparency with 0% officer compensation reported.
How has the library's revenue trended over the last few years?
The library's revenue has shown a positive upward trend in recent years, increasing from $98,779 in 2020 to $153,101 in 2023, indicating growing support and financial health.
What caused the significant asset fluctuation in 2019?
In 2019, assets jumped to $971,055 from $615,443 in 2018, then decreased to $475,287 in 2020. This significant fluctuation would require reviewing the full 990 forms for those years to understand the specific nature of the asset acquisition and subsequent disposition, such as a large donation or capital project.
Filing History
IRS 990 filing history for Placitas Community Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Placitas Community Library's revenue has grown by 63.7%, moving from $94K to $153K. Total assets increased by 155.3% over the same period, from $202K to $515K. Total functional expenses rose by 110.6%, from $58K to $122K. In its most recent filing year (2023), Placitas Community Library reported a surplus of $31K, with revenue exceeding expenses. The organization holds $2K in liabilities against $515K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $512K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $153K | $122K | $515K | $2K | — | — |
| 2022 | $137K | $109K | $484K | $2K | — | View 990 |
| 2021 | $119K | $114K | $467K | $3K | — | View 990 |
| 2020 | $99K | $93K | $475K | $1K | — | — |
| 2019 | $99K | $147K | $971K | $-1,752 | — | View 990 |
| 2018 | $266K | $115K | $615K | $0 | — | View 990 |
| 2017 | $94K | $95K | $441K | $0 | — | View 990 |
| 2016 | $230K | $122K | $402K | $2K | — | View 990 |
| 2015 | $105K | $99K | $376K | $2K | — | View 990 |
| 2014 | $185K | $144K | $370K | $2K | — | View 990 |
| 2013 | $232K | $114K | $328K | $0 | — | View 990 |
| 2012 | $60K | $52K | $210K | $0 | — | View 990 |
| 2011 | $94K | $58K | $202K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $153K, expenses of $122K, and assets of $515K (revenue +11.4% year-over-year).
- 2022: Revenue of $137K, expenses of $109K, and assets of $484K (revenue +15.8% year-over-year).
- 2021: Revenue of $119K, expenses of $114K, and assets of $467K (revenue +20.1% year-over-year).
- 2020: Revenue of $99K, expenses of $93K, and assets of $475K (revenue +-0.0% year-over-year).
- 2019: Revenue of $99K, expenses of $147K, and assets of $971K (revenue -62.8% year-over-year).
- 2018: Revenue of $266K, expenses of $115K, and assets of $615K (revenue +182.2% year-over-year).
- 2017: Revenue of $94K, expenses of $95K, and assets of $441K (revenue -59.1% year-over-year).
- 2016: Revenue of $230K, expenses of $122K, and assets of $402K (revenue +118.8% year-over-year).
- 2015: Revenue of $105K, expenses of $99K, and assets of $376K (revenue -43.0% year-over-year).
- 2014: Revenue of $185K, expenses of $144K, and assets of $370K (revenue -20.3% year-over-year).
- 2013: Revenue of $232K, expenses of $114K, and assets of $328K (revenue +283.8% year-over-year).
- 2012: Revenue of $60K, expenses of $52K, and assets of $210K (revenue -35.5% year-over-year).
- 2011: Revenue of $94K, expenses of $58K, and assets of $202K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Placitas Community Library:
Data Sources and Methodology
This transparency report for Placitas Community 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.