Ramapo Catskill Library System

Is Ramapo Catskill Library System Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Ramapo Catskill Library System directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Ramapo Catskill Library System

Ramapo Catskill Library System (EIN: 141457346) is a nonprofit organization based in Middletown, NY. The organization reported total revenue of $5.9M and total assets of $7.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ramapo Catskill Library System'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 Ramapo Catskill Library System with a Mission Score of 90 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: 90%
• fundraising: 0%

According to IRS 990 filings, Ramapo Catskill Library System allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 no officers received compensation from the organization. This is highly unusual for an organization of this size with annual revenues exceeding $5 million, suggesting either a volunteer leadership structure or that compensation is reported under other expense categories, which would warrant further investigation for full transparency.

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 Ramapo Catskill Library System's IRS 990 filings:

• Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or a fully volunteer leadership, warranting further inquiry for complete financial picture.

Strengths

The following positive indicators were identified for Ramapo Catskill Library System:

• Consistent financial stability with revenues generally covering expenses.
• Strong asset growth over the past decade, nearly doubling from $3.6M to $7.3M.
• Very low liabilities relative to assets, indicating good financial health.
• Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to mission.

Frequently Asked Questions about Ramapo Catskill Library System

Filing History

IRS 990 filing history for Ramapo Catskill Library System showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ramapo Catskill Library System's revenue has grown by 7.4%, moving from $4.7M to $5.1M. Total assets increased by 108.9% over the same period, from $3.5M to $7.3M. Total functional expenses rose by 25.9%, from $4.2M to $5.3M. In its most recent filing year (2023), Ramapo Catskill Library System reported a deficit of $278K, with expenses exceeding revenue. The organization holds $236K in liabilities against $7.3M in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $7.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $5.1M, expenses of $5.3M, and assets of $7.3M (revenue -6.8% year-over-year).
• 2022: Revenue of $5.4M, expenses of $5.0M, and assets of $7.6M (revenue -0.5% year-over-year).
• 2021: Revenue of $5.5M, expenses of $4.8M, and assets of $7.2M (revenue +3.4% year-over-year).
• 2020: Revenue of $5.3M, expenses of $4.4M, and assets of $6.6M (revenue +1.4% year-over-year).
• 2019: Revenue of $5.2M, expenses of $5.3M, and assets of $5.7M (revenue +4.3% year-over-year).
• 2018: Revenue of $5.0M, expenses of $5.3M, and assets of $5.8M (revenue +2.1% year-over-year).
• 2017: Revenue of $4.9M, expenses of $4.8M, and assets of $6.0M (revenue -0.5% year-over-year).
• 2016: Revenue of $4.9M, expenses of $4.3M, and assets of $4.2M (revenue +1.9% year-over-year).
• 2015: Revenue of $4.8M, expenses of $4.3M, and assets of $3.9M (revenue +6.5% year-over-year).
• 2014: Revenue of $4.5M, expenses of $4.2M, and assets of $3.6M (revenue +4.6% year-over-year).
• 2013: Revenue of $4.3M, expenses of $4.1M, and assets of $3.1M (revenue +1.0% year-over-year).
• 2012: Revenue of $4.3M, expenses of $4.3M, and assets of $3.0M (revenue -9.1% year-over-year).
• 2011: Revenue of $4.7M, expenses of $4.2M, and assets of $3.5M.

Data Sources and Methodology

This transparency report for Ramapo Catskill Library System 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.