Cascade Friends Of The Library
EIN: 237328367 · Grand Rapids, MI
| Metric | Value |
|---|---|
| Total Revenue | $171K |
| Total Expenses | $261K |
| Net Assets | $199K |
Is Cascade Friends Of The Library Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cascade Friends Of The Library
Cascade Friends Of The Library (EIN: 237328367) is a nonprofit organization based in Grand Rapids, MI. The organization reported total revenue of $171K and total assets of $304K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cascade Friends Of The Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cascade Friends Of The Library is a small nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $98K |
| Total Expenses | $261K |
| Surplus / Deficit | $-163,456 |
| Total Assets | $199K |
| Net Assets | $199K |
| Operating Margin | -167.4% |
| Months of Reserves | 9.1 months |
Financial Health Grade: B
In 2023, Cascade Friends Of The Library reported a deficit of $163K with expenses exceeding revenue, holds 9.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Cascade Friends Of The Library's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.0% | +367.5% | -45.1% |
| 2022 | +3.1% | +25.1% | +11.7% |
| 2021 | +51.8% | -29.2% | +16.7% |
| 2020 | -37.9% | +1.0% | -1.1% |
| 2019 | +18.0% | +76.7% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cascade Friends Of The Library has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cascade Friends Of The Library with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $163K, with expenses exceeding revenue.
Frequently Asked Questions about Cascade Friends Of The Library
Is Cascade Friends Of The Library a legitimate charity?
Cascade Friends Of The Library (EIN: 237328367) is a registered tax-exempt nonprofit based in Michigan. It has 14 years of IRS 990 filings on record. Total revenue: $171K. No red flags identified. Financial health grade: B.
How does Cascade Friends Of The Library spend its money?
Cascade Friends Of The Library reported $171K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cascade Friends Of The Library tax-deductible?
Cascade Friends Of The Library is registered as a tax-exempt nonprofit (EIN: 237328367). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cascade Friends Of The Library located?
Cascade Friends Of The Library is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 237328367.
How many years of IRS 990 filings does Cascade Friends Of The Library have?
Cascade Friends Of The Library 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 $171K in total revenue.
Filing History
IRS 990 filing history for Cascade Friends Of The Library showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Cascade Friends Of The Library's revenue has grown by 88.9%, moving from $52K to $98K. Total assets increased by 80.4% over the same period, from $110K to $199K. Total functional expenses rose by 741.1%, from $31K to $261K. In its most recent filing year (2023), Cascade Friends Of The Library reported a deficit of $163K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $98K | $261K | $199K | $0 | — | — |
| 2022 | $94K | $56K | $362K | $0 | — | View 990 |
| 2021 | $91K | $45K | $324K | $0 | — | View 990 |
| 2020 | $60K | $63K | $278K | $0 | — | — |
| 2019 | $97K | $62K | $281K | $0 | — | View 990 |
| 2018 | $82K | $35K | $246K | $0 | — | View 990 |
| 2017 | $72K | $40K | $204K | $0 | — | View 990 |
| 2016 | $73K | $32K | $174K | $3K | — | View 990 |
| 2015 | $75K | $47K | $133K | $0 | — | View 990 |
| 2014 | $59K | $70K | $105K | $0 | — | View 990 |
| 2013 | $57K | $47K | $115K | $0 | — | View 990 |
| 2012 | $50K | $48K | $105K | $0 | — | View 990 |
| 2011 | $54K | $62K | $103K | $0 | — | View 990 |
| 2010 | $52K | $31K | $110K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $98K, expenses of $261K, and assets of $199K (revenue +4.0% year-over-year).
- 2022: Revenue of $94K, expenses of $56K, and assets of $362K (revenue +3.1% year-over-year).
- 2021: Revenue of $91K, expenses of $45K, and assets of $324K (revenue +51.8% year-over-year).
- 2020: Revenue of $60K, expenses of $63K, and assets of $278K (revenue -37.9% year-over-year).
- 2019: Revenue of $97K, expenses of $62K, and assets of $281K (revenue +18.0% year-over-year).
- 2018: Revenue of $82K, expenses of $35K, and assets of $246K (revenue +13.2% year-over-year).
- 2017: Revenue of $72K, expenses of $40K, and assets of $204K (revenue -0.3% year-over-year).
- 2016: Revenue of $73K, expenses of $32K, and assets of $174K (revenue -3.0% year-over-year).
- 2015: Revenue of $75K, expenses of $47K, and assets of $133K (revenue +26.3% year-over-year).
- 2014: Revenue of $59K, expenses of $70K, and assets of $105K (revenue +4.2% year-over-year).
- 2013: Revenue of $57K, expenses of $47K, and assets of $115K (revenue +12.7% year-over-year).
- 2012: Revenue of $50K, expenses of $48K, and assets of $105K (revenue -7.2% year-over-year).
- 2011: Revenue of $54K, expenses of $62K, and assets of $103K (revenue +5.0% year-over-year).
- 2010: Revenue of $52K, expenses of $31K, and assets of $110K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cascade Friends Of The Library:
Data Sources and Methodology
This transparency report for Cascade Friends Of The Library 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.