Qt Library Inc
Nonprofit profile at a glance
- EIN
- 923924894
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990-EZ 2025
- Location
- Arlington, MA, USA
- Phone
- 8572590019
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Libraries
Reported finances
- Revenue
- $88,735
- Expenses
- $41,200
- Assets
- $164,519
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Jacob Stepansky (President)
People named in this filing
- Jacob Stepansky (President)
- Jen Sarduy (Clerk)
- Hunter Malone (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our primary exempt purpose is to provide educational, artistic, literary, and personal resources; access to safe physical and psychological space; and programs curated for the queer and trans community - all of which will be available to all members of the public.
What it reported doing in 2025
We offered forty-four programs in 2025, all free and open to the public, for a total expense cost of $14,257.40. Of those programs, three were author talks, eleven were affinity group meetings, twenty were book club meetings, and six were in-person events. Our new programs included two new themed book clubs and a monthly crafting group. Our most popular recurring book club is Sapphic Sci-Fi and Fantasy, with some meetings having up to thirty-five participants. During Pride month, we hosted a Chosen Family Reunion picnic which gathered forty-one community members. We partnered with Panethnic Pourovers for a tea tasting event, which had thirty-two attendees. In addition to our programs, we tabled at fifteen community events including Boston Book Festival, Wake Up the Earth Festival, and Boston Dyke March. When we table, we connect with future patrons and supporters while distributing information about the QT Library and the impact we hope to have upon opening. This includes sharing book recommendation lists, coloring pages and bookmarks, inviting newsletter sign-ups, and recruiting new volunteers. The connections made through tabling support our continued expansion and help us achieve our goal of being deeply integrated into the fabric of queer and trans life in Greater Boston. This year, we have continued to build up our programs to support our community members as they express themselves creatively, celebrate themselves and one another, and deepen their connections to our community and our planet. Our spaces embrace the participants for the fullness of their identities. We strive for open access, joyful, and validating experiences for all who interact with the QT Library. Our programming is a way for us to deepen that connection with our community around shared interests and resources.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filed totals do not add up and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 100
- Sustainability: 81
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.8%; rating input score 61
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 53.6%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 3.99; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 91.3% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 12.4% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 51.5% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 60.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $54K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 56/100.