Danville Library Assn
EIN: 421211101 · Danville, IA
| Metric | Value |
|---|---|
| Total Revenue | $617K |
| Total Expenses | $30K |
| Net Assets | $419K |
Is Danville Library Assn Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Danville Library Assn
Danville Library Assn (EIN: 421211101) is a nonprofit organization based in Danville, IA. The organization reported total revenue of $617K and total assets of $965K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Danville Library Assn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Danville Library Assn is a small nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $30K |
| Surplus / Deficit | +$98K |
| Total Assets | $807K |
| Total Liabilities | $388K |
| Net Assets | $419K |
| Operating Margin | 76.7% |
| Debt-to-Asset Ratio | 48.1% |
| Months of Reserves | 325.6 months |
Financial Health Grade: A
In 2023, Danville Library Assn reported a surplus of $98K with revenue exceeding expenses, holds 325.6 months of operating reserves (strong position), has a debt-to-asset ratio of 48.1% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Danville Library Assn's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.2% | -69.8% | +151.1% |
| 2022 | +73.4% | +252.3% | -6.2% |
| 2021 | -9.5% | -13.5% | +5.1% |
| 2020 | -15.7% | -16.1% | -6.3% |
| 2019 | -27.7% | -56.6% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Danville Library Assn 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 Danville Library Assn 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 surplus of $98K, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.1%.
Frequently Asked Questions about Danville Library Assn
Is Danville Library Assn a legitimate charity?
Based on AI analysis of IRS 990 filings, Danville Library Assn (EIN: 421211101) insufficient data. 0 red flags identified, 0 strengths noted.
How does Danville Library Assn spend its money?
Detailed spending breakdown data is not yet available for Danville Library Assn. Check back for updated IRS 990 analysis.
Are donations to Danville Library Assn tax-deductible?
Danville Library Assn is registered as a tax-exempt nonprofit (EIN: 421211101). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Danville Library Assn located?
Danville Library Assn is headquartered in Danville, Iowa and files with the IRS under EIN 421211101.
How many years of IRS 990 filings does Danville Library Assn have?
Danville Library Assn 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 $617K in total revenue.
Filing History
IRS 990 filing history for Danville Library Assn showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Danville Library Assn's revenue has declined by 22.5%, moving from $165K to $128K. Total assets increased by 166.7% over the same period, from $303K to $807K. Total functional expenses rose by 231.7%, from $9K to $30K. In its most recent filing year (2023), Danville Library Assn reported a surplus of $98K, with revenue exceeding expenses. The organization holds $388K in liabilities against $807K in assets (debt-to-asset ratio: 48.1%), resulting in net assets of $419K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128K | $30K | $807K | $388K | — | — |
| 2022 | $77K | $98K | $322K | $0 | — | View 990 |
| 2021 | $45K | $28K | $343K | $0 | — | View 990 |
| 2020 | $49K | $32K | $326K | $0 | — | — |
| 2019 | $58K | $39K | $348K | $39K | — | View 990 |
| 2018 | $81K | $89K | $358K | $68K | — | View 990 |
| 2017 | $75K | $175K | $359K | $62K | — | View 990 |
| 2016 | $175K | $154K | $397K | $0 | — | View 990 |
| 2015 | $115K | $41K | $421K | $45K | — | View 990 |
| 2014 | $165K | $9K | $303K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128K, expenses of $30K, and assets of $807K (revenue +65.2% year-over-year).
- 2022: Revenue of $77K, expenses of $98K, and assets of $322K (revenue +73.4% year-over-year).
- 2021: Revenue of $45K, expenses of $28K, and assets of $343K (revenue -9.5% year-over-year).
- 2020: Revenue of $49K, expenses of $32K, and assets of $326K (revenue -15.7% year-over-year).
- 2019: Revenue of $58K, expenses of $39K, and assets of $348K (revenue -27.7% year-over-year).
- 2018: Revenue of $81K, expenses of $89K, and assets of $358K (revenue +7.0% year-over-year).
- 2017: Revenue of $75K, expenses of $175K, and assets of $359K (revenue -56.8% year-over-year).
- 2016: Revenue of $175K, expenses of $154K, and assets of $397K (revenue +51.3% year-over-year).
- 2015: Revenue of $115K, expenses of $41K, and assets of $421K (revenue -29.9% year-over-year).
- 2014: Revenue of $165K, expenses of $9K, and assets of $303K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Danville Library Assn:
Data Sources and Methodology
This transparency report for Danville Library Assn 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.