The Trustees Of The New York Society Library
New York Society Library maintains stable finances with no reported officer compensation.
EIN: 131635307 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $75.6M |
| Total Expenses | $3.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $55 |
| Net Assets | $54.8M |
| Transparency Score | 90/100 |
Is The Trustees Of The New York Society Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Trustees Of The New York Society Library directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Trustees Of The New York Society Library
The Trustees Of The New York Society Library (EIN: 131635307) is a nonprofit organization based in New York, NY. The organization reported total revenue of $75.6M and total assets of $62.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Trustees Of The New York Society Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Trustees Of The New York Society Library is a major nonprofit that has been operating for 92 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-218,978 |
| Total Assets | $55.3M |
| Total Liabilities | $463K |
| Net Assets | $54.8M |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 174.2 months |
Financial Health Grade: B
In 2023, The Trustees Of The New York Society Library reported a deficit of $219K with expenses exceeding revenue, holds 174.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Trustees Of The New York Society Library's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.6% | -0.6% | +18.8% |
| 2022 | -46.0% | +8.1% | -17.1% |
| 2021 | +73.2% | +3.3% | +15.1% |
| 2020 | -6.7% | -3.6% | +10.8% |
| 2019 | +18.5% | +1.0% | +21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1934 |
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 The Trustees Of The New York Society Library 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Trustees Of The New York Society 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 deficit of $219K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
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 with assets exceeding $55 million and annual expenses around $3.8 million, suggesting either a volunteer leadership model or 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 The Trustees Of The New York Society Library's IRS 990 filings:
- Unusually low reported liabilities relative to assets, potentially masking certain financial obligations if not fully detailed.
- 0% officer compensation for an organization of this size is highly unusual and warrants further investigation into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for The Trustees Of The New York Society Library:
- Consistent growth in assets, reaching $55,306,942 in 2023, indicating strong financial stewardship.
- Healthy asset-to-liability ratio, demonstrating strong financial solvency.
- Consistent filing of IRS Form 990s over 14 periods, indicating good transparency practices.
- Expenses generally managed within revenue, preventing significant operational deficits.
- No reported officer compensation, suggesting a high dedication of funds to the mission.
Frequently Asked Questions about The Trustees Of The New York Society Library
Is The Trustees Of The New York Society Library a legitimate charity?
The Trustees Of The New York Society Library (EIN: 131635307) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $75.6M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does The Trustees Of The New York Society Library spend its money?
The Trustees Of The New York Society Library directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Trustees Of The New York Society Library tax-deductible?
The Trustees Of The New York Society Library is registered as a tax-exempt nonprofit (EIN: 131635307). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Trustees Of The New York Society Library CEO make?
The Trustees Of The New York Society Library's highest-compensated officer earns $55 annually. The organization reported $75.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Trustees Of The New York Society Library's spending goes to programs?
The Trustees Of The New York Society Library directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Trustees Of The New York Society Library located?
The Trustees Of The New York Society Library is headquartered in New York, New York and files with the IRS under EIN 131635307.
How many years of IRS 990 filings does The Trustees Of The New York Society Library have?
The Trustees Of The New York Society 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 $75.6M in total revenue.
How does the organization manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation. This could mean that leadership is entirely volunteer-based, or that compensation for key personnel is categorized differently within the expense structure, which would require a deeper dive into the full 990 forms to understand.
What caused the significant revenue spike in 2021 to $7,437,430?
The 2021 revenue of $7,437,430 was significantly higher than other years. This could be due to a large one-time donation, a successful capital campaign, or a significant investment gain. The specific source would be detailed in the full 990 filing for that period.
Are the liabilities consistently low, and what do they represent?
Liabilities have consistently remained low, typically under $500,000, relative to assets exceeding $50 million. This indicates a strong financial position with minimal debt. The specific nature of these liabilities (e.g., accounts payable, deferred revenue) would be detailed in the full 990.
Filing History
IRS 990 filing history for The Trustees Of The New York Society Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Trustees Of The New York Society Library's revenue has grown by 32.1%, moving from $2.7M to $3.6M. Total assets increased by 62.9% over the same period, from $34.0M to $55.3M. Total functional expenses rose by 39.4%, from $2.7M to $3.8M. In its most recent filing year (2023), The Trustees Of The New York Society Library reported a deficit of $219K, with expenses exceeding revenue. The organization holds $463K in liabilities against $55.3M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $54.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.8M | $55.3M | $463K | — | — |
| 2022 | $4.0M | $3.8M | $46.5M | $398K | — | View 990 |
| 2021 | $7.4M | $3.5M | $56.1M | $388K | — | View 990 |
| 2020 | $4.3M | $3.4M | $48.8M | $837K | — | — |
| 2019 | $4.6M | $3.6M | $44.0M | $185K | — | View 990 |
| 2018 | $3.9M | $3.5M | $36.3M | $139K | — | View 990 |
| 2017 | $4.0M | $3.4M | $39.9M | $174K | — | View 990 |
| 2016 | $2.9M | $3.4M | $34.7M | $116K | — | View 990 |
| 2015 | $4.8M | $3.4M | $34.2M | $124K | — | View 990 |
| 2014 | $3.0M | $3.2M | $36.7M | $100K | — | View 990 |
| 2013 | $4.2M | $3.0M | $37.7M | $174K | — | View 990 |
| 2012 | $2.6M | $2.9M | $34.5M | $184K | — | View 990 |
| 2011 | $3.4M | $2.8M | $32.1M | $88K | — | View 990 |
| 2010 | $2.7M | $2.7M | $34.0M | $322K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.8M, and assets of $55.3M (revenue -10.6% year-over-year).
- 2022: Revenue of $4.0M, expenses of $3.8M, and assets of $46.5M (revenue -46.0% year-over-year).
- 2021: Revenue of $7.4M, expenses of $3.5M, and assets of $56.1M (revenue +73.2% year-over-year).
- 2020: Revenue of $4.3M, expenses of $3.4M, and assets of $48.8M (revenue -6.7% year-over-year).
- 2019: Revenue of $4.6M, expenses of $3.6M, and assets of $44.0M (revenue +18.5% year-over-year).
- 2018: Revenue of $3.9M, expenses of $3.5M, and assets of $36.3M (revenue -3.5% year-over-year).
- 2017: Revenue of $4.0M, expenses of $3.4M, and assets of $39.9M (revenue +38.7% year-over-year).
- 2016: Revenue of $2.9M, expenses of $3.4M, and assets of $34.7M (revenue -40.1% year-over-year).
- 2015: Revenue of $4.8M, expenses of $3.4M, and assets of $34.2M (revenue +63.4% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.2M, and assets of $36.7M (revenue -29.1% year-over-year).
- 2013: Revenue of $4.2M, expenses of $3.0M, and assets of $37.7M (revenue +61.9% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.9M, and assets of $34.5M (revenue -25.0% year-over-year).
- 2011: Revenue of $3.4M, expenses of $2.8M, and assets of $32.1M (revenue +26.9% year-over-year).
- 2010: Revenue of $2.7M, expenses of $2.7M, and assets of $34.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Trustees Of The New York Society Library:
Data Sources and Methodology
This transparency report for The Trustees Of The New York Society 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.