Queens Borough Public Library
Queens Borough Public Library shows consistent revenue growth and no reported officer compensation over a decade.
EIN: 111904262 · Jamaica, NY · NTEE: B700 · Updated: 2026-03-28
Is Queens Borough Public Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Queens Borough Public Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Queens Borough Public Library
Queens Borough Public Library (EIN: 111904262) is a nonprofit organization based in Jamaica, NY, classified under NTEE code B700. The organization reported total revenue of $174.7M and total assets of $148.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Queens Borough 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 Queens Borough Public 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Queens Borough Public Library allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 do not receive direct compensation from the Queens Borough Public Library, which is highly unusual for an organization of its size ($163.6 million in 2023 revenue) and suggests a different compensation structure, likely through a governmental entity.
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 Queens Borough Public Library:
- Consistent revenue growth, increasing from $109.5M in 2014 to $163.6M in 2023.
- Positive net income in all reported periods, demonstrating financial sustainability.
- Significant asset growth from $74.7M to $132.3M over the last decade.
- No reported officer compensation, indicating efficient use of funds for mission-related activities or alternative compensation structures.
- Strong NTEE code (B700 - Libraries) aligns with public service mission.
Frequently Asked Questions about Queens Borough Public Library
Is Queens Borough Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Queens Borough Public Library (EIN: 111904262) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Queens Borough Public Library spend its money?
Queens Borough Public Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Queens Borough Public Library tax-deductible?
Queens Borough Public Library is registered as a tax-exempt nonprofit (EIN: 111904262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Queens Borough Public Library financially stable?
Yes, the Queens Borough Public Library is financially stable. Its revenue has consistently grown from $109.5 million in 2014 to $163.6 million in 2023, and it has maintained a positive net income (revenue exceeding expenses) in every reported period, leading to a significant increase in assets from $74.7 million to $132.3 million.
How does the library manage executive compensation?
The IRS 990 filings consistently report 0% for officer compensation. This suggests that executive leadership is either uncompensated by the organization directly or compensated through a different governmental or municipal structure, rather than through the library's direct operating budget.
What is the trend in the library's assets and liabilities?
The library's assets have shown strong growth, increasing from $74.7 million in 2014 to $132.3 million in 2023. Liabilities have also increased over this period, from $24.9 million to $30.9 million, but at a slower rate than assets, indicating a healthy financial position with growing net assets.
Filing History
IRS 990 filing history for Queens Borough Public Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Queens Borough Public Library's revenue has grown by 63.7%, moving from $99.9M to $163.6M. Total assets increased by 26.5% over the same period, from $104.6M to $132.3M. Total functional expenses rose by 50.6%, from $98.8M to $148.9M. In its most recent filing year (2023), Queens Borough Public Library reported a surplus of $14.7M, with revenue exceeding expenses. The organization holds $30.9M in liabilities against $132.3M in assets (debt-to-asset ratio: 23.3%), resulting in net assets of $101.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $163.6M | $148.9M | $132.3M | $30.9M | — | View 990 |
| 2022 | $147.6M | $133.3M | $113.6M | $27.5M | — | View 990 |
| 2021 | $143.6M | $129.8M | $110.5M | $31.7M | — | View 990 |
| 2020 | $149.1M | $147.6M | $91.2M | $28.8M | — | View 990 |
| 2019 | $138.2M | $135.9M | $89.3M | $27.6M | — | View 990 |
| 2018 | $132.2M | $128.9M | $92.3M | $32.5M | — | View 990 |
| 2017 | $124.6M | $122.6M | $87.7M | $30.9M | — | View 990 |
| 2016 | $124.7M | $122.0M | $88.1M | $34.2M | — | View 990 |
| 2015 | $118.5M | $116.5M | $79.5M | $27.8M | — | View 990 |
| 2014 | $109.5M | $108.0M | $74.7M | $25.0M | — | View 990 |
| 2013 | $106.8M | $102.2M | $101.0M | $53.6M | — | View 990 |
| 2012 | $103.3M | $102.1M | $83.4M | $35.9M | — | View 990 |
| 2011 | $99.9M | $98.8M | $104.6M | $60.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $163.6M, expenses of $148.9M, and assets of $132.3M (revenue +10.9% year-over-year).
- 2022: Revenue of $147.6M, expenses of $133.3M, and assets of $113.6M (revenue +2.8% year-over-year).
- 2021: Revenue of $143.6M, expenses of $129.8M, and assets of $110.5M (revenue -3.7% year-over-year).
- 2020: Revenue of $149.1M, expenses of $147.6M, and assets of $91.2M (revenue +7.9% year-over-year).
- 2019: Revenue of $138.2M, expenses of $135.9M, and assets of $89.3M (revenue +4.5% year-over-year).
- 2018: Revenue of $132.2M, expenses of $128.9M, and assets of $92.3M (revenue +6.1% year-over-year).
- 2017: Revenue of $124.6M, expenses of $122.6M, and assets of $87.7M (revenue +-0.0% year-over-year).
- 2016: Revenue of $124.7M, expenses of $122.0M, and assets of $88.1M (revenue +5.2% year-over-year).
- 2015: Revenue of $118.5M, expenses of $116.5M, and assets of $79.5M (revenue +8.2% year-over-year).
- 2014: Revenue of $109.5M, expenses of $108.0M, and assets of $74.7M (revenue +2.5% year-over-year).
- 2013: Revenue of $106.8M, expenses of $102.2M, and assets of $101.0M (revenue +3.4% year-over-year).
- 2012: Revenue of $103.3M, expenses of $102.1M, and assets of $83.4M (revenue +3.3% year-over-year).
- 2011: Revenue of $99.9M, expenses of $98.8M, and assets of $104.6M.
Data Sources and Methodology
This transparency report for Queens Borough 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.