Queens Library Foundation Inc
Queens Library Foundation experiences fluctuating revenues and expenses, maintaining strong assets despite recent operational deficits.
EIN: 113009405 · Jamaica, NY · Updated: 2026-03-28
Is Queens Library Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Queens Library Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Queens Library Foundation Inc
Queens Library Foundation Inc (EIN: 113009405) is a nonprofit organization based in Jamaica, NY. The organization reported total revenue of $7.8M and total assets of $24.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Queens Library Foundation Inc'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 Library Foundation Inc 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: 80%
- fundraising: 10%
According to IRS 990 filings, Queens Library Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 no officers received compensation from the organization, which is highly unusual for an organization of this size with assets exceeding $22 million.
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 Queens Library Foundation Inc's IRS 990 filings:
- Recurring operational deficits in recent years (e.g., 2023 expenses $4.6M vs revenue $2.7M)
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data to fully assess efficiency.
Strengths
The following positive indicators were identified for Queens Library Foundation Inc:
- Consistent growth in assets over the past decade (from $16.2M in 2014 to $22.2M in 2023)
- Zero reported officer compensation across all filings, indicating high resource allocation to mission or volunteer leadership.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- Strong asset base provides financial stability despite operational fluctuations.
Frequently Asked Questions about Queens Library Foundation Inc
Is Queens Library Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Queens Library Foundation Inc (EIN: 113009405) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Queens Library Foundation Inc spend its money?
Queens Library Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Queens Library Foundation Inc tax-deductible?
Queens Library Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113009405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Queens Library Foundation Inc. a good charity?
Based on the available data, the Queens Library Foundation Inc. appears to be a well-managed charity in terms of asset growth and transparency regarding executive compensation. However, recent operational deficits (e.g., 2023 expenses of $4,667,087 exceeding revenue of $2,744,295) warrant closer examination of their funding model and spending efficiency. The consistent 0% officer compensation is a significant positive indicator of resource allocation.
How has the organization's financial health changed over time?
The organization's financial health has seen significant growth in assets, from $16,205,974 in 2014 to $22,275,764 in 2023. However, revenue and expense figures have fluctuated, with several years (e.g., 2023, 2020, 2019) showing expenses exceeding revenues, indicating periods of operational deficits. Despite this, the overall asset base has remained robust.
What is the significance of 0% officer compensation?
The 0% officer compensation reported across all filings is highly significant. It suggests that the organization's leadership either volunteers their time, is compensated by an affiliated entity, or that the compensation is below the reporting threshold. This practice, if accurate, indicates a strong commitment to directing financial resources towards the organization's mission rather than executive salaries.
Are there any concerns about the organization's sustainability?
While the organization has a strong asset base, the recurring operational deficits in recent years (e.g., 2023, 2020, 2019) could raise questions about long-term sustainability if not addressed. Relying on existing assets to cover operational shortfalls is not a sustainable model indefinitely. A deeper dive into their fundraising strategies and expense management would be beneficial.
Filing History
IRS 990 filing history for Queens Library Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Queens Library Foundation Inc's revenue has grown by 3.6%, moving from $2.6M to $2.7M. Total assets increased by 61.5% over the same period, from $13.8M to $22.3M. Total functional expenses rose by 141.2%, from $1.9M to $4.7M. In its most recent filing year (2023), Queens Library Foundation Inc reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $302K in liabilities against $22.3M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $22.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $4.7M | $22.3M | $302K | — | View 990 |
| 2022 | $4.9M | $3.7M | $22.5M | $347K | — | View 990 |
| 2021 | $2.9M | $2.8M | $24.6M | $265K | — | View 990 |
| 2020 | $3.4M | $3.5M | $20.6M | $324K | — | View 990 |
| 2019 | $2.5M | $3.4M | $19.4M | $182K | — | View 990 |
| 2018 | $4.2M | $3.1M | $19.9M | $201K | — | View 990 |
| 2017 | $2.0M | $2.2M | $18.4M | $156K | — | View 990 |
| 2016 | $1.6M | $1.9M | $16.1M | $113K | — | View 990 |
| 2015 | $2.4M | $1.6M | $16.7M | $117K | — | View 990 |
| 2014 | $2.9M | $2.9M | $16.2M | $138K | — | View 990 |
| 2013 | $5.2M | $3.8M | $15.3M | $269K | — | View 990 |
| 2012 | $3.9M | $2.8M | $14.8M | $271K | — | View 990 |
| 2011 | $2.6M | $1.9M | $13.8M | $228K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $4.7M, and assets of $22.3M (revenue -44.0% year-over-year).
- 2022: Revenue of $4.9M, expenses of $3.7M, and assets of $22.5M (revenue +71.9% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.8M, and assets of $24.6M (revenue -15.3% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.5M, and assets of $20.6M (revenue +34.9% year-over-year).
- 2019: Revenue of $2.5M, expenses of $3.4M, and assets of $19.4M (revenue -40.7% year-over-year).
- 2018: Revenue of $4.2M, expenses of $3.1M, and assets of $19.9M (revenue +107.3% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.2M, and assets of $18.4M (revenue +30.0% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.9M, and assets of $16.1M (revenue -36.1% year-over-year).
- 2015: Revenue of $2.4M, expenses of $1.6M, and assets of $16.7M (revenue -16.5% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.9M, and assets of $16.2M (revenue -44.0% year-over-year).
- 2013: Revenue of $5.2M, expenses of $3.8M, and assets of $15.3M (revenue +35.5% year-over-year).
- 2012: Revenue of $3.9M, expenses of $2.8M, and assets of $14.8M (revenue +45.4% year-over-year).
- 2011: Revenue of $2.6M, expenses of $1.9M, and assets of $13.8M.
Data Sources and Methodology
This transparency report for Queens Library Foundation Inc 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.