Suffern Free Library
Suffern Free Library maintains strong financial health with consistent revenue growth and no executive compensation.
EIN: 131763816 · Suffern, NY · Updated: 2026-03-28
About Suffern Free Library
Suffern Free Library (EIN: 131763816) is a nonprofit organization based in Suffern, NY. The organization reported total revenue of $3.8M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Suffern Free Library'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 Suffern Free Library with a Mission Score of 95 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, Suffern Free Library 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
Suffern Free Library reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with over $3 million in annual revenue and nearly $9 million in assets.
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 Suffern Free Library's IRS 990 filings:
- Unusually low liabilities relative to assets in recent years, potentially indicating a shift in financial structure or reporting, though not necessarily negative.
- NTEE code is unknown, which can sometimes make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Suffern Free Library:
- Consistent revenue growth, increasing from $3,033,446 in 2015 to $3,653,772 in 2024.
- Steady asset growth, from $7,660,520 in 2015 to $8,209,363 in 2024.
- Zero reported officer compensation across all filings, indicating high resource allocation to mission.
- Consistent positive net income, demonstrating financial stability and sustainability.
- Strong financial health with liabilities decreasing significantly from $4,255,423 in 2015 to $1,197,334 in 2024.
Frequently Asked Questions about Suffern Free Library
Is Suffern Free Library a good charity?
Based on the available financial data, Suffern Free Library appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to directing all resources to its mission by reporting 0% officer compensation.
How has Suffern Free Library's financial health changed over time?
Suffern Free Library's financial health has steadily improved over the past decade. Assets have grown from $7,660,520 in 2015 to $8,209,363 in 2024, and revenue has increased from $3,033,446 to $3,653,772 in the same period, indicating consistent growth and stability.
What is the library's spending efficiency?
The library exhibits high spending efficiency, with a significant portion of its expenses likely dedicated to program services. The absence of officer compensation further suggests that funds are primarily used for the library's operational mission.
Filing History
IRS 990 filing history for Suffern Free Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Suffern Free Library's revenue has grown by 26.5%, moving from $2.9M to $3.7M. Total assets decreased by 6.3% over the same period, from $8.8M to $8.2M. Total functional expenses fell by 3.3%, from $3.0M to $2.9M. In its most recent filing year (2024), Suffern Free Library reported a surplus of $735K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $8.2M in assets (debt-to-asset ratio: 14.6%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $3.7M | $2.9M | $8.2M | $1.2M | — | View 990 |
| 2023 | $3.6M | $2.8M | $7.9M | $1.6M | — | View 990 |
| 2022 | $3.1M | $2.8M | $7.5M | $1.9M | — | View 990 |
| 2021 | $3.4M | $2.8M | $7.6M | $2.3M | — | View 990 |
| 2020 | $3.4M | $2.9M | $7.3M | $2.7M | — | View 990 |
| 2019 | $3.3M | $3.0M | $7.1M | $3.0M | — | View 990 |
| 2018 | $3.1M | $3.0M | $7.2M | $3.3M | — | — |
| 2017 | $3.1M | $2.9M | $7.3M | $3.6M | — | View 990 |
| 2016 | $3.1M | $2.9M | $7.5M | $3.9M | — | View 990 |
| 2015 | $3.0M | $2.9M | $7.7M | $4.3M | — | View 990 |
| 2014 | $3.0M | $2.9M | $7.8M | $4.5M | — | View 990 |
| 2013 | $3.0M | $2.9M | $8.0M | $4.8M | — | View 990 |
| 2012 | $3.0M | $3.0M | $8.1M | $5.1M | — | View 990 |
| 2011 | $2.9M | $3.0M | $8.8M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.7M, expenses of $2.9M, and assets of $8.2M (revenue +2.7% year-over-year).
- 2023: Revenue of $3.6M, expenses of $2.8M, and assets of $7.9M (revenue +15.8% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.8M, and assets of $7.5M (revenue -9.7% year-over-year).
- 2021: Revenue of $3.4M, expenses of $2.8M, and assets of $7.6M (revenue +0.5% year-over-year).
- 2020: Revenue of $3.4M, expenses of $2.9M, and assets of $7.3M (revenue +4.1% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.0M, and assets of $7.1M (revenue +3.8% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.0M, and assets of $7.2M (revenue +1.6% year-over-year).
- 2017: Revenue of $3.1M, expenses of $2.9M, and assets of $7.3M (revenue +0.3% year-over-year).
- 2016: Revenue of $3.1M, expenses of $2.9M, and assets of $7.5M (revenue +1.4% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.9M, and assets of $7.7M (revenue -0.2% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.9M, and assets of $7.8M (revenue +1.3% year-over-year).
- 2013: Revenue of $3.0M, expenses of $2.9M, and assets of $8.0M (revenue +0.1% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.0M, and assets of $8.1M (revenue +3.7% year-over-year).
- 2011: Revenue of $2.9M, expenses of $3.0M, and assets of $8.8M.
Data Sources and Methodology
This transparency report for Suffern Free 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.