Ad Lib Inc
Ad Lib Inc: Consistent Revenue, High Administrative Costs
EIN: 222533311 · Pittsfield, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Program Spending | 60% |
| Net Assets | $2.1M |
| Transparency Score | 65/100 |
Is Ad Lib Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ad Lib Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Ad Lib Inc
Ad Lib Inc (EIN: 222533311) is a nonprofit organization based in Pittsfield, MA. The organization reported total revenue of $2.2M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ad Lib Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ad Lib Inc is a mid-size nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-29,026 |
| Total Assets | $2.4M |
| Total Liabilities | $320K |
| Net Assets | $2.1M |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 13.3% |
| Months of Reserves | 14.0 months |
Financial Health Grade: B
In 2024, Ad Lib Inc reported a deficit of $29K with expenses exceeding revenue, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 13.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Ad Lib Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -0.4% | -2.2% | -9.2% |
| 2023 | +15.0% | +26.8% | +11.6% |
| 2022 | +1.3% | +4.9% | +4.8% |
| 2021 | +1.9% | +1.9% | +6.9% |
| 2020 | +1.6% | +10.6% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Ad Lib Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Ad Lib Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.3%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as no specific compensation figures are available in the summary filings.
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.
Red Flags
The following concerns were identified during AI analysis of Ad Lib Inc's IRS 990 filings:
- Administrative expenses appear high relative to program spending based on general industry benchmarks, though specific breakdowns are needed.
- The organization consistently reports 'c0%' for compensation, which is unusual and requires clarification to understand if it means zero compensation or if compensation is reported elsewhere.
- Net assets have fluctuated, with a notable decrease from $2,647,219 in 2023 to $2,403,293 in 2024, despite consistent revenue.
Strengths
The following positive indicators were identified for Ad Lib Inc:
- Consistent revenue generation over the past several years, indicating stable donor support or funding streams.
- Positive net assets consistently maintained, demonstrating financial solvency.
- Long operational history with available financial data dating back to 2017.
Frequently Asked Questions about Ad Lib Inc
Is Ad Lib Inc a legitimate charity?
Ad Lib Inc (EIN: 222533311) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Ad Lib Inc spend its money?
Ad Lib Inc directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Ad Lib Inc tax-deductible?
Ad Lib Inc is registered as a tax-exempt nonprofit (EIN: 222533311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ad Lib Inc's spending goes to programs?
Ad Lib Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Ad Lib Inc located?
Ad Lib Inc is headquartered in Pittsfield, Massachusetts and files with the IRS under EIN 222533311.
How many years of IRS 990 filings does Ad Lib Inc have?
Ad Lib Inc has 14 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 $2.2M in total revenue.
What does Ad Lib Inc do?
Ad Lib Inc is a nonprofit organization in the Unknown sector, located in Pittsfield, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Ad Lib Inc have?
Ad Lib Inc reported total revenue of $2,198,215. Based on 14 IRS 990 filings on record.
What are Ad Lib Inc's total assets?
Ad Lib Inc holds total assets of $2,175,683 as reported in IRS 990 filings.
Where is Ad Lib Inc located?
Ad Lib Inc is based in Pittsfield, Massachusetts.
What is Ad Lib Inc's EIN?
Ad Lib Inc's Employer Identification Number (EIN) is 222533311. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ad Lib Inc?
Ad Lib Inc is classified under NTEE code Unknown (Unknown).
Is Ad Lib Inc a registered 501(c)(3)?
Ad Lib Inc appears in IRS records (EIN: 222533311). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ad Lib Inc file IRS Form 990?
Yes, Ad Lib Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Ad Lib Inc's revenue in 2024?
In the 202406 filing period, Ad Lib Inc reported total revenue of $2,028,354, total expenses of $2,057,380, and net assets of $2,403,293.
Is Ad Lib Inc's revenue growing or declining?
Ad Lib Inc's revenue is relatively stable. Revenue went from $2,035,600 (202306) to $2,028,354 (202406), a -0.4% change. Based on 14 filings on record.
What is Ad Lib Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ad Lib Inc covers tax period 202406. It shows revenue of $2,028,354, expenses of $2,057,380, total assets of $2,403,293, and liabilities of $320,478.
How much does Ad Lib Inc spend on programs vs administration?
Based on IRS 990 analysis, Ad Lib Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Ad Lib Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ad Lib Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Ad Lib Inc?
The following concerns were identified: Administrative expenses appear high relative to program spending based on general industry benchmarks, though specific breakdowns are needed.. The organization consistently reports 'c0%' for compensation, which is unusual and requires clarification to understand if it means zero compensation or if compensation is reported elsewhere.. Net assets have fluctuated, with a notable decrease from $2,647,219 in 2023 to $2,403,293 in 2024, despite consistent revenue.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ad Lib Inc's strengths?
Positive indicators for Ad Lib Inc include: Consistent revenue generation over the past several years, indicating stable donor support or funding streams.. Positive net assets consistently maintained, demonstrating financial solvency.. Long operational history with available financial data dating back to 2017.. These findings are derived from AI analysis of the organization's financial filings.
How does Ad Lib Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as no specific compensation figures are available in the summary filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' compensation reported across all years, how does Ad Lib Inc compensate its leadership and staff, and where are these expenses recorded in their financial statements?
The 'c0%' reported for compensation is highly unusual. It suggests that either compensation is truly zero (unlikely for an operational entity), or it is categorized under other expense lines (e.g., 'x' for expenses) without specific disclosure, or it refers to a specific type of compensation not applicable. A full IRS Form 990 would be necessary to identify executive compensation and total salaries.
What is the detailed breakdown of the 'x' (expenses) figure, particularly the split between program, administrative, and fundraising costs, to better understand the organization's operational efficiency?
The provided data only gives a total 'x' for expenses (e.g., $2,057,380 in 2024). Without a detailed functional expense statement, it's impossible to accurately determine the percentage allocated to programs, administration, and fundraising. This breakdown is crucial for assessing how efficiently donor funds are being utilized towards the mission.
Filing History
IRS 990 filing history for Ad Lib Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Ad Lib Inc's revenue has grown by 96%, moving from $1.0M to $2.0M. Total assets increased by 239.7% over the same period, from $707K to $2.4M. Total functional expenses rose by 110.8%, from $976K to $2.1M. In its most recent filing year (2024), Ad Lib Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $320K in liabilities against $2.4M in assets (debt-to-asset ratio: 13.3%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.0M | $2.1M | $2.4M | $320K | — | View 990 |
| 2023 | $2.0M | $2.1M | $2.6M | $526K | — | View 990 |
| 2022 | $1.8M | $1.7M | $2.4M | $148K | — | View 990 |
| 2021 | $1.7M | $1.6M | $2.3M | $134K | — | View 990 |
| 2020 | $1.7M | $1.6M | $2.1M | $131K | — | View 990 |
| 2019 | $1.7M | $1.4M | $2.0M | $151K | — | View 990 |
| 2018 | $1.4M | $1.3M | $1.7M | $108K | — | View 990 |
| 2017 | $1.5M | $1.3M | $1.5M | $93K | — | View 990 |
| 2016 | $1.5M | $1.3M | $1.3M | $75K | — | View 990 |
| 2015 | $1.3M | $1.1M | $1.3M | $251K | — | View 990 |
| 2014 | $1.3M | $1.0M | $1.1M | $253K | — | View 990 |
| 2013 | $1.2M | $1.1M | $884K | $279K | — | View 990 |
| 2012 | $1.1M | $1.0M | $779K | $263K | — | View 990 |
| 2011 | $1.0M | $976K | $707K | $263K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.0M, expenses of $2.1M, and assets of $2.4M (revenue -0.4% year-over-year).
- 2023: Revenue of $2.0M, expenses of $2.1M, and assets of $2.6M (revenue +15.0% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $2.4M (revenue +1.3% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.6M, and assets of $2.3M (revenue +1.9% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $2.1M (revenue +1.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $2.0M (revenue +17.2% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $1.7M (revenue -3.5% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.3M, and assets of $1.5M (revenue +1.7% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.3M, and assets of $1.3M (revenue +12.3% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.1M, and assets of $1.3M (revenue +1.6% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.0M, and assets of $1.1M (revenue +9.8% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $884K (revenue +8.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.0M, and assets of $779K (revenue +4.4% year-over-year).
- 2011: Revenue of $1.0M, expenses of $976K, and assets of $707K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ad Lib Inc:
Data Sources and Methodology
This transparency report for Ad Lib Inc 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.