Skaneateles Library Association
Skaneateles Library Association shows strong asset growth and revenue surplus with no reported officer compensation.
EIN: 150533566 · Skaneateles, NY · NTEE: B71Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $583K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $3.8M |
| Transparency Score | 88/100 |
Is Skaneateles Library Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skaneateles Library Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skaneateles Library Association
Skaneateles Library Association (EIN: 150533566) is a nonprofit organization based in Skaneateles, NY, classified under NTEE code B71Z. The organization reported total revenue of $2.3M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skaneateles Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skaneateles Library Association is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $583K |
| Surplus / Deficit | +$762K |
| Total Assets | $4.2M |
| Total Liabilities | $432K |
| Net Assets | $3.8M |
| Operating Margin | 56.6% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 86.3 months |
Financial Health Grade: A
In 2023, Skaneateles Library Association reported a surplus of $762K with revenue exceeding expenses, holds 86.3 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Skaneateles Library Association's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +103.9% | +12.3% | +48.8% |
| 2022 | +3.1% | +21.2% | -14.1% |
| 2021 | +4.8% | -1.4% | +21.4% |
| 2020 | +26.8% | -13.4% | +5.7% |
| 2019 | -3.1% | +4.8% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
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 Skaneateles Library Association with a Mission Score of 88 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, Skaneateles Library Association 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 $762K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.3%.
Executive Compensation Analysis
The Skaneateles Library Association consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer or compensated through non-officer categories, which is highly unusual for an organization of its size with assets exceeding $5 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 Skaneateles Library Association's IRS 990 filings:
- Unusually low reported liabilities in some periods (e.g., $6,144 in 202209) compared to assets, which could indicate aggressive accounting or very efficient short-term financial management.
- Lack of detailed expense breakdown in provided data makes it difficult to precisely determine program vs. administrative spending ratios without accessing full 990 forms.
Strengths
The following positive indicators were identified for Skaneateles Library Association:
- Strong financial health with consistent revenue exceeding expenses in most recent periods.
- Significant asset growth, increasing from $2,819,323 in 202209 to $4,195,157 in 202309.
- Consistent filing of IRS Form 990s, indicating good transparency and compliance.
- No reported officer compensation across all filings, suggesting resources are potentially maximized for mission-related activities.
- Low liabilities relative to assets, indicating strong solvency.
Frequently Asked Questions about Skaneateles Library Association
Is Skaneateles Library Association a legitimate charity?
Skaneateles Library Association (EIN: 150533566) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Skaneateles Library Association spend its money?
Skaneateles Library Association directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Skaneateles Library Association tax-deductible?
Skaneateles Library Association is registered as a tax-exempt nonprofit (EIN: 150533566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Skaneateles Library Association CEO make?
Skaneateles Library Association's highest-compensated officer earns $5 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Skaneateles Library Association's spending goes to programs?
Skaneateles Library Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Skaneateles Library Association compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Skaneateles Library Association 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 Skaneateles Library Association located?
Skaneateles Library Association is headquartered in Skaneateles, New York and files with the IRS under EIN 150533566. It is classified under NTEE code B71Z.
How many years of IRS 990 filings does Skaneateles Library Association have?
Skaneateles Library Association 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 $2.3M in total revenue.
Is Skaneateles Library Association a good charity?
Based on its strong financial health, consistent asset growth, and the absence of reported officer compensation, the Skaneateles Library Association appears to be a well-managed organization. Its consistent filing of IRS 990s also indicates good transparency. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of its efficiency.
What caused the significant revenue increase in 202309?
The IRS 990 data shows a substantial jump in revenue from $659,946 in 202209 to $1,345,446 in 202309. This could be due to a major fundraising campaign, a large one-time donation, or a significant grant. Further investigation into the specific 990 filing for that period would be needed to identify the exact source(s).
How does the organization manage without officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization with annual expenses exceeding $500,000. This could imply that key leadership roles are filled by volunteers, or that compensation for these roles is categorized differently within the expense structure (e.g., as general salaries rather than officer-specific compensation). Without further detail, it's difficult to ascertain the exact operational model.
Filing History
IRS 990 filing history for Skaneateles Library Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Skaneateles Library Association's revenue has grown by 414.9%, moving from $261K to $1.3M. Total assets increased by 50.9% over the same period, from $2.8M to $4.2M. Total functional expenses rose by 137.2%, from $246K to $583K. In its most recent filing year (2023), Skaneateles Library Association reported a surplus of $762K, with revenue exceeding expenses. The organization holds $432K in liabilities against $4.2M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $583K | $4.2M | $432K | — | View 990 |
| 2022 | $660K | $519K | $2.8M | $6K | — | View 990 |
| 2021 | $640K | $428K | $3.3M | $57K | — | View 990 |
| 2020 | $611K | $435K | $2.7M | $10K | — | View 990 |
| 2019 | $482K | $502K | $2.6M | $15K | — | View 990 |
| 2018 | $497K | $479K | $2.6M | $9K | — | View 990 |
| 2017 | $686K | $607K | $2.7M | $183K | — | View 990 |
| 2016 | $89K | $218K | $2.2M | $0 | — | View 990 |
| 2015 | $92K | $287K | $2.2M | $0 | — | View 990 |
| 2014 | $201K | $242K | $3.0M | $25K | — | View 990 |
| 2013 | $193K | $237K | $3.0M | $1K | — | View 990 |
| 2012 | $196K | $245K | $2.9M | $1K | — | View 990 |
| 2011 | $261K | $246K | $2.8M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $583K, and assets of $4.2M (revenue +103.9% year-over-year).
- 2022: Revenue of $660K, expenses of $519K, and assets of $2.8M (revenue +3.1% year-over-year).
- 2021: Revenue of $640K, expenses of $428K, and assets of $3.3M (revenue +4.8% year-over-year).
- 2020: Revenue of $611K, expenses of $435K, and assets of $2.7M (revenue +26.8% year-over-year).
- 2019: Revenue of $482K, expenses of $502K, and assets of $2.6M (revenue -3.1% year-over-year).
- 2018: Revenue of $497K, expenses of $479K, and assets of $2.6M (revenue -27.5% year-over-year).
- 2017: Revenue of $686K, expenses of $607K, and assets of $2.7M (revenue +670.9% year-over-year).
- 2016: Revenue of $89K, expenses of $218K, and assets of $2.2M (revenue -3.7% year-over-year).
- 2015: Revenue of $92K, expenses of $287K, and assets of $2.2M (revenue -54.0% year-over-year).
- 2014: Revenue of $201K, expenses of $242K, and assets of $3.0M (revenue +4.0% year-over-year).
- 2013: Revenue of $193K, expenses of $237K, and assets of $3.0M (revenue -1.4% year-over-year).
- 2012: Revenue of $196K, expenses of $245K, and assets of $2.9M (revenue -25.0% year-over-year).
- 2011: Revenue of $261K, expenses of $246K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skaneateles Library Association:
Data Sources and Methodology
This transparency report for Skaneateles Library Association 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.