Quogue Free Library Inc
Quogue Free Library Inc faces recent operational deficits despite substantial assets and consistent IRS 990 filings.
EIN: 112123274 · Quogue, NY · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $7.8M |
| Transparency Score | 85/100 |
Is Quogue Free Library Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quogue Free Library Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quogue Free Library Inc
Quogue Free Library Inc (EIN: 112123274) is a nonprofit organization based in Quogue, NY, classified under NTEE code B71Z. The organization reported total revenue of $1.7M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quogue Free Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quogue Free Library Inc is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-142,614 |
| Total Assets | $9.5M |
| Total Liabilities | $1.7M |
| Net Assets | $7.8M |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 18.0% |
| Months of Reserves | 69.9 months |
Financial Health Grade: B
In 2023, Quogue Free Library Inc reported a deficit of $143K with expenses exceeding revenue, holds 69.9 months of operating reserves (strong position), has a debt-to-asset ratio of 18.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Quogue Free Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +0.3% | -2.2% |
| 2022 | -16.2% | +63.0% | -5.4% |
| 2021 | +5.0% | +15.3% | +9.2% |
| 2020 | -68.3% | -22.4% | +25.4% |
| 2019 | +176.1% | +20.0% | +159.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Quogue Free Library 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Quogue Free Library Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $143K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating that the organization's officers are either unpaid volunteers or receive no compensation reportable on the 990, which is highly favorable for resource allocation given its annual revenues often exceeding $1 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 Quogue Free Library Inc's IRS 990 filings:
- Consistent operational deficits in the last two reported periods (2022 and 2023), where expenses exceeded revenue by $212,032 and $142,614 respectively.
- Significant fluctuation in annual revenue, making future financial planning potentially challenging.
Strengths
The following positive indicators were identified for Quogue Free Library Inc:
- Substantial asset base ($9,355,290) providing long-term financial stability.
- Consistent IRS 990 filing history (13 filings), indicating good transparency.
- Reported 0% officer compensation across all available filings, suggesting efficient use of funds for mission-related activities.
- Strong NTEE code (B71Z - Libraries; Other) aligns with a clear community service mission.
Frequently Asked Questions about Quogue Free Library Inc
Is Quogue Free Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Quogue Free Library Inc (EIN: 112123274) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Quogue Free Library Inc spend its money?
Quogue Free Library Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quogue Free Library Inc tax-deductible?
Quogue Free Library Inc is registered as a tax-exempt nonprofit (EIN: 112123274). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Quogue Free Library Inc CEO make?
Quogue Free Library Inc's highest-compensated officer earns $1 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Quogue Free Library Inc's spending goes to programs?
Quogue Free Library Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Quogue Free Library Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Quogue Free Library Inc 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 Quogue Free Library Inc located?
Quogue Free Library Inc is headquartered in Quogue, New York and files with the IRS under EIN 112123274. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Quogue Free Library Inc have?
Quogue Free Library Inc 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 $1.7M in total revenue.
Is Quogue Free Library Inc a good charity?
Based on the available data, Quogue Free Library Inc appears to be a well-established organization with substantial assets and a history of consistent IRS filings. The 0% officer compensation is a strong positive. However, recent operational deficits where expenses exceed revenue warrant closer examination of their financial sustainability strategy.
What is the trend in Quogue Free Library Inc's revenue and expenses?
Revenue has fluctuated, with a peak of $5,063,640 in 2019, but has been around $1.4M-$1.6M in recent years. Expenses have generally increased, reaching over $1.6M in both 2022 and 2023, leading to operational deficits in these periods.
How does Quogue Free Library Inc's asset base compare to its liabilities?
The organization maintains a very strong asset base, with $9,355,290 in assets compared to liabilities of $1,703,859 in 2023, indicating robust financial stability and a healthy balance sheet.
Filing History
IRS 990 filing history for Quogue Free Library Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quogue Free Library Inc's revenue has grown by 99.6%, moving from $744K to $1.5M. Total assets increased by 524.8% over the same period, from $1.5M to $9.5M. Total functional expenses rose by 143.5%, from $668K to $1.6M. In its most recent filing year (2023), Quogue Free Library Inc reported a deficit of $143K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $9.5M in assets (debt-to-asset ratio: 18.0%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $9.5M | $1.7M | — | View 990 |
| 2022 | $1.4M | $1.6M | $9.7M | $1.8M | — | View 990 |
| 2021 | $1.7M | $995K | $10.2M | $2.1M | — | View 990 |
| 2020 | $1.6M | $863K | $9.4M | $1.9M | — | View 990 |
| 2019 | $5.1M | $1.1M | $7.5M | $788K | — | View 990 |
| 2018 | $1.8M | $927K | $2.9M | $137K | — | View 990 |
| 2017 | $429K | $418K | $1.8M | $22K | — | View 990 |
| 2016 | $889K | $850K | $1.8M | $7K | — | View 990 |
| 2015 | $903K | $879K | $1.8M | $18K | — | View 990 |
| 2014 | $849K | $769K | $1.8M | $16K | — | View 990 |
| 2013 | $807K | $729K | $1.7M | $12K | — | View 990 |
| 2012 | $766K | $690K | $1.6M | $16K | — | View 990 |
| 2011 | $744K | $668K | $1.5M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.6M, and assets of $9.5M (revenue +5.2% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.6M, and assets of $9.7M (revenue -16.2% year-over-year).
- 2021: Revenue of $1.7M, expenses of $995K, and assets of $10.2M (revenue +5.0% year-over-year).
- 2020: Revenue of $1.6M, expenses of $863K, and assets of $9.4M (revenue -68.3% year-over-year).
- 2019: Revenue of $5.1M, expenses of $1.1M, and assets of $7.5M (revenue +176.1% year-over-year).
- 2018: Revenue of $1.8M, expenses of $927K, and assets of $2.9M (revenue +327.6% year-over-year).
- 2017: Revenue of $429K, expenses of $418K, and assets of $1.8M (revenue -51.8% year-over-year).
- 2016: Revenue of $889K, expenses of $850K, and assets of $1.8M (revenue -1.5% year-over-year).
- 2015: Revenue of $903K, expenses of $879K, and assets of $1.8M (revenue +6.4% year-over-year).
- 2014: Revenue of $849K, expenses of $769K, and assets of $1.8M (revenue +5.2% year-over-year).
- 2013: Revenue of $807K, expenses of $729K, and assets of $1.7M (revenue +5.4% year-over-year).
- 2012: Revenue of $766K, expenses of $690K, and assets of $1.6M (revenue +2.9% year-over-year).
- 2011: Revenue of $744K, expenses of $668K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quogue Free Library Inc:
Data Sources and Methodology
This transparency report for Quogue Free Library 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.