Childrens Library Trust Mf3 20375600
Childrens Library Trust Mf3 faces significant and growing operational deficits, with revenue consistently failing to cover expenses.
EIN: 136203318 · Kansas City, MO · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $277K |
| Total Expenses | $106K |
| Program Spending | 70% |
| Net Assets | $1.4M |
| Transparency Score | 45/100 |
Is Childrens Library Trust Mf3 20375600 Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Childrens Library Trust Mf3 20375600 directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Childrens Library Trust Mf3 20375600
Childrens Library Trust Mf3 20375600 (EIN: 136203318) is a nonprofit organization based in Kansas City, MO. The organization reported total revenue of $277K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Childrens Library Trust Mf3 20375600's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Childrens Library Trust Mf3 20375600 is a small nonprofit that has been operating for 55 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -39.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $21 |
| Total Expenses | $106K |
| Surplus / Deficit | $-106,296 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -506171.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.6 months |
Financial Health Grade: B
In 2024, Childrens Library Trust Mf3 20375600 reported a deficit of $106K with expenses exceeding revenue, holds 157.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Childrens Library Trust Mf3 20375600's revenue has declined at a compound annual growth rate (CAGR) of -39.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -100.0% | +5.4% | +4.1% |
| 2023 | -50.6% | -30.6% | -2.5% |
| 2022 | -51.1% | +52.3% | -12.5% |
| 2021 | +99.1% | +13.6% | +7.9% |
| 2020 | +169.0% | -8.2% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 Childrens Library Trust Mf3 20375600 with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Childrens Library Trust Mf3 20375600 allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% 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 $106K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that compensation is categorized differently, which is positive for minimizing direct leadership costs relative to its size and asset base.
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 Childrens Library Trust Mf3 20375600's IRS 990 filings:
- Significant and consistent operational deficits, with expenses frequently exceeding revenue (e.g., $106,317 expenses vs. $21 revenue in 202406).
- Declining asset base over the past decade, from $1,633,674 in 2012 to $1,396,243 in 2024, indicating reliance on reserves.
- Extremely low revenue ($21) in the latest filing period (202406) without clear explanation.
- Unusual consistent reporting of $1 in liabilities across multiple recent filings.
- Lack of NTEE code and detailed functional expense breakdown limits transparency and financial analysis.
Strengths
The following positive indicators were identified for Childrens Library Trust Mf3 20375600:
- Substantial asset base of over $1.3 million, providing a buffer despite operational deficits.
- No reported officer compensation, suggesting a volunteer-led or very lean executive structure.
- Long filing history (10 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Childrens Library Trust Mf3 20375600
Is Childrens Library Trust Mf3 20375600 a legitimate charity?
Based on AI analysis of IRS 990 filings, Childrens Library Trust Mf3 20375600 (EIN: 136203318) significant concerns. Mission Score: 45/100. 5 red flags identified, 3 strengths noted.
How does Childrens Library Trust Mf3 20375600 spend its money?
Childrens Library Trust Mf3 20375600 directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Childrens Library Trust Mf3 20375600 tax-deductible?
Childrens Library Trust Mf3 20375600 is registered as a tax-exempt nonprofit (EIN: 136203318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Childrens Library Trust Mf3 20375600's spending goes to programs?
Childrens Library Trust Mf3 20375600 directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Childrens Library Trust Mf3 20375600 located?
Childrens Library Trust Mf3 20375600 is headquartered in Kansas City, Missouri and files with the IRS under EIN 136203318.
How many years of IRS 990 filings does Childrens Library Trust Mf3 20375600 have?
Childrens Library Trust Mf3 20375600 has 10 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 $277K in total revenue.
Why is the revenue so low in the latest filing period (202406) at only $21?
The latest filing shows an extremely low revenue of $21, which is a drastic drop from previous years and significantly below its operating expenses of $106,317. This could indicate a reporting error, a change in funding model, or a severe financial downturn.
How does Childrens Library Trust Mf3 cover its consistent operational deficits?
With expenses frequently exceeding revenue (e.g., $106,317 expenses vs. $21 revenue in 202406; $100,881 expenses vs. $52,230 revenue in 202306), the organization appears to be drawing down its assets to cover operational shortfalls, as evidenced by the gradual decline in total assets over time.
What is the nature of the $1 liability consistently reported in recent filings?
The consistent reporting of $1 in liabilities across multiple recent periods (202406, 202306, 202206, 202106, 202006, 201606, 201506) is unusual and warrants clarification. It could be a placeholder, a specific type of nominal liability, or a reporting anomaly.
What are the specific program activities of Childrens Library Trust Mf3?
Without an NTEE code or detailed program expense breakdown, it is difficult to ascertain the specific programmatic activities and how the organization is fulfilling its mission as a 'Childrens Library Trust'.
Filing History
IRS 990 filing history for Childrens Library Trust Mf3 20375600 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Childrens Library Trust Mf3 20375600's revenue has declined by 99.8%, moving from $9K to $21. Total assets decreased by 14.5% over the same period, from $1.6M to $1.4M. Total functional expenses rose by 49.8%, from $71K to $106K. In its most recent filing year (2024), Childrens Library Trust Mf3 20375600 reported a deficit of $106K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $21 | $106K | $1.4M | $1 | — | — |
| 2023 | $52K | $101K | $1.3M | $1 | — | View 990 |
| 2022 | $106K | $145K | $1.4M | $1 | — | View 990 |
| 2021 | $216K | $95K | $1.6M | $1 | — | — |
| 2020 | $109K | $84K | $1.5M | $1 | — | View 990 |
| 2016 | $40K | $92K | $1.4M | $1 | — | View 990 |
| 2015 | $56K | $150K | $1.5M | $1 | — | View 990 |
| 2014 | $72K | $102K | $1.6M | $0 | — | View 990 |
| 2013 | $58K | $109K | $1.6M | $0 | — | View 990 |
| 2012 | $9K | $71K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $21, expenses of $106K, and assets of $1.4M (revenue -100.0% year-over-year).
- 2023: Revenue of $52K, expenses of $101K, and assets of $1.3M (revenue -50.6% year-over-year).
- 2022: Revenue of $106K, expenses of $145K, and assets of $1.4M (revenue -51.1% year-over-year).
- 2021: Revenue of $216K, expenses of $95K, and assets of $1.6M (revenue +99.1% year-over-year).
- 2020: Revenue of $109K, expenses of $84K, and assets of $1.5M (revenue +169.0% year-over-year).
- 2016: Revenue of $40K, expenses of $92K, and assets of $1.4M (revenue -28.3% year-over-year).
- 2015: Revenue of $56K, expenses of $150K, and assets of $1.5M (revenue -22.1% year-over-year).
- 2014: Revenue of $72K, expenses of $102K, and assets of $1.6M (revenue +24.3% year-over-year).
- 2013: Revenue of $58K, expenses of $109K, and assets of $1.6M (revenue +537.8% year-over-year).
- 2012: Revenue of $9K, expenses of $71K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Childrens Library Trust Mf3 20375600:
Data Sources and Methodology
This transparency report for Childrens Library Trust Mf3 20375600 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.