Hampton Bays Public Library

Charity Navigator Rating: 94% - Four-Star out of Four Stars

Hampton Bays Public Library has achieved a commendable Four-Star rating from Charity Navigator, reflecting its exceptional performance in accountability and finance. The library scored 94% in this category, indicating strong financial health and effective governance practices. The evaluation highlights that the organization maintains a fully independent board and adheres to rigorous policies related to conflict of interest and whistleblower protections.

The library’s financial oversight is robust, evidenced by a clean audit process and a low liability-to-assets ratio of 4.88%. Additionally, the high program expense ratio of 85.94% suggests that the majority of its expenditures are directed towards fulfilling its mission and serving the community effectively. These factors contribute to the library's high standing as a responsible steward of resources.

While the evaluation does not provide insights into user satisfaction or program impact, the financial and governance metrics indicate a strong foundational structure. This solid framework allows the Hampton Bays Public Library to continue its vital role in the community with transparency and accountability.

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

Hampton Bays Public Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hampton Bays Public 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: $102,727
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,388,508

For more financial information, click here