Locust Valley Library

Charity Navigator Rating 76% - Three-Star out of Four Star Rating

The Locust Valley Library holds a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The overall score reflects a strong emphasis on financial practices, demonstrating that the library has established a robust structure of accountability with an entirely independent board and comprehensive financial oversight. The library scored particularly well in areas such as program expenses and conflict of interest policies.

Strengths of the organization include a high percentage of independent board members and a solid program expense ratio, showing that the majority of funds are directed towards its programs. Additionally, the library has implemented essential policies like whistleblower and conflict of interest policies, ensuring transparency and ethical operations.

However, the library’s liabilities to assets ratio received a notably lower score, indicating potential financial vulnerabilities that could be of concern. While the organization's financial practices are commendable, the highlighted limitations suggest that there may be areas for improvement in managing its overall financial health.

This AI summary has been generated from information found on Charity Navigator.

Locust Valley Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Locust Valley Library submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $108,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $748,051

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