Raymond Library Co
EIN: 61506074 · Oakdale, CT · NTEE: B700
Is Raymond Library Co Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raymond Library Co
Raymond Library Co (EIN: 61506074) is a nonprofit organization based in Oakdale, CT, classified under NTEE code B700. The organization reported total revenue of $423K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raymond Library Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raymond Library Co is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $243K |
| Total Expenses | $210K |
| Surplus / Deficit | +$33K |
| Total Assets | $1.3M |
| Total Liabilities | $4K |
| Net Assets | $1.3M |
| Operating Margin | 13.6% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 76.8 months |
Financial Health Grade: A
In 2023, Raymond Library Co reported a surplus of $33K with revenue exceeding expenses, holds 76.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Raymond Library Co's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.9% | +10.6% | +2.5% |
| 2022 | -4.3% | +8.8% | +0.8% |
| 2021 | +39.6% | +2.4% | +7.8% |
| 2020 | -11.4% | -1.6% | -5.9% |
| 2019 | +25.4% | +7.7% | +20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raymond Library Co has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Raymond Library Co with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Raymond Library Co
Is Raymond Library Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Raymond Library Co (EIN: 61506074) insufficient data. 0 red flags identified, 0 strengths noted.
How does Raymond Library Co spend its money?
Detailed spending breakdown data is not yet available for Raymond Library Co. Check back for updated IRS 990 analysis.
Are donations to Raymond Library Co tax-deductible?
Raymond Library Co is registered as a tax-exempt nonprofit (EIN: 61506074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Raymond Library Co showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Raymond Library Co's revenue has declined by 43.2%, moving from $428K to $243K. Total assets increased by 2.7% over the same period, from $1.3M to $1.3M. Total functional expenses rose by 55.3%, from $135K to $210K. In its most recent filing year (2023), Raymond Library Co reported a surplus of $33K, with revenue exceeding expenses. The organization holds $4K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $243K | $210K | $1.3M | $4K | — | View 990 |
| 2022 | $201K | $190K | $1.3M | $4K | — | View 990 |
| 2021 | $210K | $175K | $1.3M | $4K | — | View 990 |
| 2020 | $151K | $171K | $1.2M | $2K | — | View 990 |
| 2019 | $170K | $173K | $1.3M | $2K | — | View 990 |
| 2018 | $136K | $161K | $1.1M | $2K | — | View 990 |
| 2017 | $96K | $156K | $1.1M | $2K | — | View 990 |
| 2016 | $123K | $157K | $1.2M | $2K | — | View 990 |
| 2015 | $136K | $151K | $1.3M | $5K | — | View 990 |
| 2014 | $124K | $139K | $1.2M | $2K | — | View 990 |
| 2013 | $120K | $137K | $1.3M | $4K | — | View 990 |
| 2012 | $97K | $126K | $1.3M | $2K | — | View 990 |
| 2011 | $428K | $135K | $1.3M | $303 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $243K, expenses of $210K, and assets of $1.3M (revenue +20.9% year-over-year).
- 2022: Revenue of $201K, expenses of $190K, and assets of $1.3M (revenue -4.3% year-over-year).
- 2021: Revenue of $210K, expenses of $175K, and assets of $1.3M (revenue +39.6% year-over-year).
- 2020: Revenue of $151K, expenses of $171K, and assets of $1.2M (revenue -11.4% year-over-year).
- 2019: Revenue of $170K, expenses of $173K, and assets of $1.3M (revenue +25.4% year-over-year).
- 2018: Revenue of $136K, expenses of $161K, and assets of $1.1M (revenue +42.0% year-over-year).
- 2017: Revenue of $96K, expenses of $156K, and assets of $1.1M (revenue -22.3% year-over-year).
- 2016: Revenue of $123K, expenses of $157K, and assets of $1.2M (revenue -9.8% year-over-year).
- 2015: Revenue of $136K, expenses of $151K, and assets of $1.3M (revenue +10.1% year-over-year).
- 2014: Revenue of $124K, expenses of $139K, and assets of $1.2M (revenue +3.5% year-over-year).
- 2013: Revenue of $120K, expenses of $137K, and assets of $1.3M (revenue +23.3% year-over-year).
- 2012: Revenue of $97K, expenses of $126K, and assets of $1.3M (revenue -77.4% year-over-year).
- 2011: Revenue of $428K, expenses of $135K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raymond Library Co:
Data Sources and Methodology
This transparency report for Raymond Library Co 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.