Disable all preview features

Arts, Culture, Humanities : Libraries, Historical Societies and Landmark Preservation

Redwood Library & Athenaeum

Having nothing in view but the good of mankind

two stars

73.12

50 Bellevue Avenue Newport, RI 02840
tel: (401) 847-0292   Web Site
EIN: 05-0260678

Board Leadership
R. Daniel Prentiss
President

CEO
Benedict Leca
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 73.12 two stars
  Financial 63.62 one star
  Accountability & Transparency 89.00 three stars
This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.

The Redwood Library and Athenæum is the oldest lending library in America, and the oldest library building in continuous use in the country. Founded in 1747 by forty-six proprietors upon the principle of "having nothing in view but the good of mankind," its mission continues over 250 years later. One of the country's earliest "public" libraries -- that is, open to the public though not "free"--Redwood is the oldest surviving lending library in the country. Redwood remains a "membership library" (open to the public) supported by Proprietors, who own shares and pay an annual assessment, and Subscribers, who pay fees. The Original Collection of 751 titles has grown to a collection numbering more than 160,000 volumes.

The Redwood Library and Athenæum is the oldest lending library in America, and the oldest library building in continuous use in the country. Founded in 1747 by forty-six proprietors upon the principle of "having nothing in view but the good of mankind," its mission continues over 250 years later. One of the country's earliest "public" libraries -- that is, open to the public though not "free"--Redwood is the oldest surviving lending library in the country. Redwood remains a "membership library" (open to the public) supported by Proprietors, who own shares and pay an annual assessment, and Subscribers, who pay fees. The Original Collection of 751 titles has grown to a collection numbering more than 160,000 volumes.

Impact Information

data icon Looking for Impact Information?

Charity Navigator is collaborating with GuideStar, GlobalGiving, Classy, and ImpactMatters to display impact-related information on our rated profile pages. Each partner collects this data directly from nonprofits and provides updates to Charity Navigator when available.

If you are interested in seeing this charity provide its impact information, please click below. This will indicate your interest and encourage the nonprofit to share data with partners that are currently collecting information.

Financial

one star

63.62

Accountability & Transparency

three stars

89.00

This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
53.9%
  Administrative Expenses 25.4%
  Fundraising Expenses 20.6%
  Fundraising Efficiency $0.28
  Working Capital Ratio (years) 9.00
  Program Expenses Growth 1.5%
  Liabilities to Assets 1.9%
All data for Financial Performance Metrics calculations was provided by Redwood Library & Athenaeum on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Redwood Library & Athenaeum on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Redwood Library & Athenaeum (RI) 73.12 two stars
The HistoryMakers (IL) 85.26 three stars
The Ronald Reagan Presidential Foundation and Institute (CA) 92.69 four stars
Boston Athenæum (MA) 85.88 three stars
The Richard Nixon Foundation (CA) 92.66 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,372,243
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $264,030
   Related Organizations $0
   Government Grants $0
Total Contributions $1,636,273
   Program Service Revenue $304,192
Total Primary Revenue $1,940,465
   Other Revenue $302,427
TOTAL REVENUE $2,242,892
   
EXPENSES  
   Program Expenses $1,292,832
   Administrative Expenses $555,409
   Fundraising Expenses $389,650
TOTAL FUNCTIONAL EXPENSES $2,237,891
   
Payments to Affiliates $0
Excess (or Deficit) for the year $5,001
   
Net Assets $25,453,793

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Circulation Library $643,727 49.8%
Research Library $230,658 17.8%
Museum Operations $220,779 17.1%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 10/01/2019 73.12 two stars
2017-06 12/01/2018 75.43 two stars
2016-06 02/01/2018 71.14 two stars
2015-06 12/01/2016 74.90 two stars
2014-06 06/01/2016 74.21 two stars
 
CN 2.0
2014-06 12/01/2015 67.93 one star
2013-06 04/01/2015 80.19 three stars
2012-06 08/01/2014 84.41 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 05-0260678
Name in IRS Master File COMPANY OF THE REDWOOD LIBRARY AND ATHENAEM
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Literary Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (61) Library
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date January, 1935
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$120,000 5.36% Benedict Leca Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Redwood Library & Athenaeum (RI) 73.12 two stars
John F. Kennedy Library Foundation (MA) 86.25 three stars
The Newberry Library (IL) 85.16 three stars
National Yiddish Book Center (MA) 86.86 three stars
YIVO Institute for Jewish Research (NY) 92.35 four stars

Compare These Charities (Highly Rated)

Are you the representative for this organization? If so, click here to access the application form. As an official representative you will have the ability to update some of the information on this page.

Charity Contact Info

Redwood Library & Athenaeum
50 Bellevue Avenue
Newport, RI 02840
tel: (401) 847-0292
EIN: 05-0260678

Visit Web Site

Board Leadership

R. Daniel Prentiss
President

CEO

Benedict Leca
Executive Director

Join Our Mailing List

Join over 400,000 other informed givers and get updates on charity ratings, new features, hot topics, and tips for donating.