Shelter Island Public Library
Shelter Island Public Library shows consistent asset growth and positive financial performance with no reported officer compensation.
EIN: 112015667 · Shelter Is, NY · NTEE: B71I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $8.7M |
| Transparency Score | 85/100 |
Is Shelter Island Public Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shelter Island Public Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shelter Island Public Library
Shelter Island Public Library (EIN: 112015667) is a nonprofit organization based in Shelter Is, NY, classified under NTEE code B71I. The organization reported total revenue of $3.7M and total assets of $10.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shelter Island Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shelter Island Public Library is a mid-size nonprofit that has been operating for 64 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$178K |
| Total Assets | $9.0M |
| Total Liabilities | $213K |
| Net Assets | $8.7M |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 107.3 months |
Financial Health Grade: A
In 2023, Shelter Island Public Library reported a surplus of $178K with revenue exceeding expenses, holds 107.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Shelter Island Public Library's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.0% | +6.9% | +12.5% |
| 2022 | -49.7% | +3.4% | -8.3% |
| 2021 | +85.7% | +10.5% | +14.6% |
| 2020 | -20.5% | -3.8% | +7.7% |
| 2019 | +20.2% | +6.1% | +12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1962 |
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 Shelter Island Public Library 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: 85%
- fundraising: 5%
According to IRS 990 filings, Shelter Island Public Library allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $178K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size with assets exceeding $8 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 Shelter Island Public Library's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data makes precise spending efficiency analysis difficult.
- Unusually consistent 0% officer compensation for an organization with significant assets and revenue, which might warrant further inquiry into leadership compensation structures.
Strengths
The following positive indicators were identified for Shelter Island Public Library:
- Strong and consistent asset growth, from $2,034,817 in 2014 to $8,958,156 in 2023.
- Generally positive net revenue (revenue exceeding expenses) in most filing periods, indicating financial sustainability.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Consistent IRS 990 filing history (14 filings), demonstrating good transparency practices.
- No reported officer compensation, potentially indicating a highly efficient or volunteer-led executive structure.
Frequently Asked Questions about Shelter Island Public Library
Is Shelter Island Public Library a legitimate charity?
Shelter Island Public Library (EIN: 112015667) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.7M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Shelter Island Public Library spend its money?
Shelter Island Public Library directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Shelter Island Public Library tax-deductible?
Shelter Island Public Library is registered as a tax-exempt nonprofit (EIN: 112015667). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Shelter Island Public Library CEO make?
Shelter Island Public Library's highest-compensated officer earns $8 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Shelter Island Public Library's spending goes to programs?
Shelter Island Public Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shelter Island Public Library compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Shelter Island Public Library is above average for NTEE category B71I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shelter Island Public Library located?
Shelter Island Public Library is headquartered in Shelter Is, New York and files with the IRS under EIN 112015667. It is classified under NTEE code B71I.
How many years of IRS 990 filings does Shelter Island Public Library have?
Shelter Island Public Library has 14 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 $3.7M in total revenue.
Is Shelter Island Public Library a good charity?
Based on its financial health, consistent asset growth, and no reported officer compensation, the Shelter Island Public Library appears to be a well-managed organization. Its consistent surplus and low liabilities suggest responsible financial stewardship.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with assets increasing from $2,034,817 in 2014 to $8,958,156 in 2023. Revenue and expenses have also generally increased, indicating expansion of operations and financial capacity.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the top leadership may be entirely volunteer-based or compensated in a manner not classified as officer compensation on the 990. This can be a positive indicator of dedication and efficient use of funds, but it's also an unusual practice for an organization of this scale.
Filing History
IRS 990 filing history for Shelter Island Public Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Shelter Island Public Library's revenue has grown by 44.8%, moving from $815K to $1.2M. Total assets increased by 718.8% over the same period, from $1.1M to $9.0M. Total functional expenses rose by 88%, from $533K to $1.0M. In its most recent filing year (2023), Shelter Island Public Library reported a surplus of $178K, with revenue exceeding expenses. The organization holds $213K in liabilities against $9.0M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $8.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.0M | $9.0M | $213K | — | View 990 |
| 2022 | $887K | $937K | $8.0M | $45K | — | View 990 |
| 2021 | $1.8M | $906K | $8.7M | $44K | — | View 990 |
| 2020 | $950K | $820K | $7.6M | $40K | — | View 990 |
| 2019 | $1.2M | $852K | $7.0M | $37K | — | View 990 |
| 2018 | $994K | $803K | $6.3M | $29K | — | View 990 |
| 2017 | $880K | $741K | $6.4M | $44K | — | View 990 |
| 2016 | $829K | $700K | $6.0M | $28K | — | View 990 |
| 2015 | $4.1M | $586K | $5.7M | $70K | — | View 990 |
| 2014 | $717K | $627K | $2.0M | $39K | — | View 990 |
| 2013 | $818K | $608K | $1.9M | $481 | — | View 990 |
| 2012 | $850K | $559K | $1.7M | $15K | — | View 990 |
| 2011 | $858K | $529K | $1.4M | $641 | — | View 990 |
| 2010 | $815K | $533K | $1.1M | $842 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.0M, and assets of $9.0M (revenue +33.0% year-over-year).
- 2022: Revenue of $887K, expenses of $937K, and assets of $8.0M (revenue -49.7% year-over-year).
- 2021: Revenue of $1.8M, expenses of $906K, and assets of $8.7M (revenue +85.7% year-over-year).
- 2020: Revenue of $950K, expenses of $820K, and assets of $7.6M (revenue -20.5% year-over-year).
- 2019: Revenue of $1.2M, expenses of $852K, and assets of $7.0M (revenue +20.2% year-over-year).
- 2018: Revenue of $994K, expenses of $803K, and assets of $6.3M (revenue +13.0% year-over-year).
- 2017: Revenue of $880K, expenses of $741K, and assets of $6.4M (revenue +6.2% year-over-year).
- 2016: Revenue of $829K, expenses of $700K, and assets of $6.0M (revenue -79.8% year-over-year).
- 2015: Revenue of $4.1M, expenses of $586K, and assets of $5.7M (revenue +472.7% year-over-year).
- 2014: Revenue of $717K, expenses of $627K, and assets of $2.0M (revenue -12.4% year-over-year).
- 2013: Revenue of $818K, expenses of $608K, and assets of $1.9M (revenue -3.7% year-over-year).
- 2012: Revenue of $850K, expenses of $559K, and assets of $1.7M (revenue -1.0% year-over-year).
- 2011: Revenue of $858K, expenses of $529K, and assets of $1.4M (revenue +5.3% year-over-year).
- 2010: Revenue of $815K, expenses of $533K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shelter Island Public Library:
Data Sources and Methodology
This transparency report for Shelter Island 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.