Valley Cottage Free Library
Valley Cottage Free Library consistently operates with strong financial health and zero reported executive compensation.
EIN: 136128677 · Vly Cottage, NY · NTEE: B700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $6.8M |
| Transparency Score | 95/100 |
Is Valley Cottage Free Library Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Valley Cottage Free Library directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Valley Cottage Free Library
Valley Cottage Free Library (EIN: 136128677) is a nonprofit organization based in Vly Cottage, NY, classified under NTEE code B700. The organization reported total revenue of $2.7M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valley Cottage Free Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valley Cottage Free Library is a mid-size nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $2.8M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$314K |
| Total Assets | $9.3M |
| Total Liabilities | $2.4M |
| Net Assets | $6.8M |
| Operating Margin | 11.0% |
| Debt-to-Asset Ratio | 26.3% |
| Months of Reserves | 43.9 months |
Financial Health Grade: A
In 2023, Valley Cottage Free Library reported a surplus of $314K with revenue exceeding expenses, holds 43.9 months of operating reserves (strong position), has a debt-to-asset ratio of 26.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Valley Cottage Free Library's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.6% | +5.6% | +5.9% |
| 2022 | -0.3% | +5.8% | +1.4% |
| 2021 | -2.7% | -0.7% | +2.3% |
| 2020 | +5.0% | -2.8% | +4.0% |
| 2019 | +3.3% | +0.6% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 1960 |
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 Valley Cottage 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, Valley Cottage 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $314K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are either unpaid volunteers or compensated through other means not categorized as officer compensation on the 990, which is highly efficient for a nonprofit of its size with annual revenues exceeding $2 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.
Strengths
The following positive indicators were identified for Valley Cottage Free Library:
- Consistent revenue growth, with 2023 revenue at $2,845,564.
- Expenses consistently below revenue, leading to financial stability.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Healthy asset base of $9,253,906 in 2023, demonstrating strong financial reserves.
- Stable liabilities relative to assets, showing good balance sheet management.
Frequently Asked Questions about Valley Cottage Free Library
Is Valley Cottage Free Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Valley Cottage Free Library (EIN: 136128677) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Valley Cottage Free Library spend its money?
Valley Cottage Free Library directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Valley Cottage Free Library tax-deductible?
Valley Cottage Free Library is registered as a tax-exempt nonprofit (EIN: 136128677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Valley Cottage Free Library CEO make?
Valley Cottage Free Library's highest-compensated officer earns $2 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Valley Cottage Free Library compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Valley Cottage Free Library is above average for NTEE category B700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Valley Cottage Free Library located?
Valley Cottage Free Library is headquartered in Vly Cottage, New York and files with the IRS under EIN 136128677. It is classified under NTEE code B700.
How many years of IRS 990 filings does Valley Cottage Free Library have?
Valley Cottage Free Library 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 $2.7M in total revenue.
Is Valley Cottage Free Library a good charity?
Yes, based on its financial data, Valley Cottage Free Library appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization has shown consistent financial health over the past decade. Revenue has steadily increased from $2,215,288 in 2014 to $2,845,564 in 2023, while expenses have remained well-managed below revenue. Assets have also grown from $10,790,916 in 2014 (after a dip in 2018) to $9,253,906 in 2023, indicating stable growth and prudent management.
What is the organization's approach to executive compensation?
The organization reports 0% for officer compensation in all available IRS 990 filings, suggesting a highly volunteer-driven executive leadership or that executive roles are compensated through other non-officer categories, which is a strong indicator of efficiency.
Filing History
IRS 990 filing history for Valley Cottage Free Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Valley Cottage Free Library's revenue has grown by 40.6%, moving from $2.0M to $2.8M. Total assets decreased by 2.4% over the same period, from $9.5M to $9.3M. Total functional expenses rose by 52.1%, from $1.7M to $2.5M. In its most recent filing year (2023), Valley Cottage Free Library reported a surplus of $314K, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $9.3M in assets (debt-to-asset ratio: 26.3%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.5M | $9.3M | $2.4M | — | — |
| 2022 | $2.5M | $2.4M | $8.7M | $2.2M | — | View 990 |
| 2021 | $2.5M | $2.3M | $8.6M | $2.2M | — | View 990 |
| 2020 | $2.5M | $2.3M | $8.4M | $2.2M | — | — |
| 2019 | $2.4M | $2.3M | $8.1M | $2.1M | — | View 990 |
| 2018 | $2.3M | $2.3M | $8.1M | $2.1M | — | View 990 |
| 2017 | $2.3M | $2.2M | $8.1M | $2.2M | — | — |
| 2016 | $2.3M | $2.2M | $10.6M | $2.3M | — | View 990 |
| 2015 | $2.2M | $2.1M | $10.7M | $2.5M | — | View 990 |
| 2014 | $2.2M | $2.0M | $10.8M | $2.6M | — | View 990 |
| 2013 | $2.2M | $1.9M | $10.5M | $2.7M | — | View 990 |
| 2012 | $2.1M | $1.7M | $10.2M | $2.9M | — | View 990 |
| 2011 | $2.0M | $1.7M | $9.5M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.5M, and assets of $9.3M (revenue +15.6% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.4M, and assets of $8.7M (revenue -0.3% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.3M, and assets of $8.6M (revenue -2.7% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.3M, and assets of $8.4M (revenue +5.0% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.3M, and assets of $8.1M (revenue +3.3% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $8.1M (revenue +1.0% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.2M, and assets of $8.1M (revenue +1.7% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.2M, and assets of $10.6M (revenue +1.2% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.1M, and assets of $10.7M (revenue +1.5% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.0M, and assets of $10.8M (revenue +2.3% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.9M, and assets of $10.5M (revenue +2.3% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.7M, and assets of $10.2M (revenue +4.6% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.7M, and assets of $9.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valley Cottage Free Library:
Data Sources and Methodology
This transparency report for Valley Cottage 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.