Foundation For The Cleveland Public Library
Foundation For The Cleveland Public Library shows volatile finances with significant 2023 deficit, but zero executive compensation.
EIN: 200822883 · Cleveland, TN · NTEE: B117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $98K |
| Total Expenses | $217K |
| Program Spending | 70% |
| Net Assets | $256K |
| Transparency Score | 75/100 |
Is Foundation For The Cleveland Public Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For The Cleveland Public Library directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Foundation For The Cleveland Public Library
Foundation For The Cleveland Public Library (EIN: 200822883) is a nonprofit organization based in Cleveland, TN, classified under NTEE code B117. The organization reported total revenue of $98K and total assets of $274K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For The Cleveland Public Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For The Cleveland Public Library is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $217K |
| Surplus / Deficit | $-117,836 |
| Total Assets | $256K |
| Net Assets | $256K |
| Operating Margin | -118.5% |
| Months of Reserves | 14.2 months |
Financial Health Grade: B
In 2023, Foundation For The Cleveland Public Library reported a deficit of $118K with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For The Cleveland Public Library's revenue has grown at a compound annual growth rate (CAGR) of 21.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.8% | +1124.5% | -31.5% |
| 2022 | +494.1% | -78.6% | +34.7% |
| 2021 | +3354.5% | -35.5% | -18.6% |
| 2020 | -99.5% | -17.3% | -27.2% |
| 2019 | -37.4% | +4.4% | -9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Foundation For The Cleveland Public Library with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Foundation For The Cleveland Public Library allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $118K, with expenses exceeding revenue.
Executive Compensation Analysis
The Foundation For The Cleveland Public Library consistently reports 0% officer compensation across all available filings, indicating a volunteer-led organization with no funds allocated to executive salaries.
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 Foundation For The Cleveland Public Library's IRS 990 filings:
- Significant year-over-year revenue and expense volatility (e.g., 2023 expenses $217,292 vs. 2022 expenses $17,746).
- Large deficit in 2023 where expenses ($217,292) significantly exceeded revenue ($99,456).
Strengths
The following positive indicators were identified for Foundation For The Cleveland Public Library:
- Consistently reports zero liabilities across all filings.
- Consistently reports 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Maintains a healthy asset base relative to its annual revenue.
Frequently Asked Questions about Foundation For The Cleveland Public Library
Is Foundation For The Cleveland Public Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For The Cleveland Public Library (EIN: 200822883) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Foundation For The Cleveland Public Library spend its money?
Foundation For The Cleveland Public Library directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For The Cleveland Public Library tax-deductible?
Foundation For The Cleveland Public Library is registered as a tax-exempt nonprofit (EIN: 200822883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundation For The Cleveland Public Library's spending goes to programs?
Foundation For The Cleveland Public Library directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Foundation For The Cleveland Public Library compare to similar nonprofits?
With a transparency score of 75/100 (Good), Foundation For The Cleveland Public Library is above average for NTEE category B117 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For The Cleveland Public Library located?
Foundation For The Cleveland Public Library is headquartered in Cleveland, Tennessee and files with the IRS under EIN 200822883. It is classified under NTEE code B117.
How many years of IRS 990 filings does Foundation For The Cleveland Public Library have?
Foundation For The Cleveland Public Library has 13 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 $98K in total revenue.
Is Foundation For The Cleveland Public Library financially stable?
The organization's financial stability appears volatile. While it has zero liabilities, revenue and expenses fluctuate significantly year-to-year, with a large deficit in 2023 ($99,456 revenue vs. $217,292 expenses) following a surplus in 2022 ($114,107 revenue vs. $17,746 expenses).
How does the Foundation For The Cleveland Public Library spend its money?
Based on the provided data, a detailed breakdown of program, administrative, and fundraising expenses is not available. However, the organization consistently reports 0% officer compensation, indicating that funds are not used for executive salaries.
What are the key financial strengths of this organization?
Key strengths include consistently reporting zero liabilities and zero officer compensation, demonstrating strong financial hygiene and a commitment to volunteer leadership.
What are the potential financial risks for the Foundation?
The primary risk is the significant year-to-year volatility in financial performance, particularly the large deficit in 2023 where expenses ($217,292) more than doubled revenue ($99,456). This suggests potential challenges in consistent fundraising or expense management.
Filing History
IRS 990 filing history for Foundation For The Cleveland Public Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For The Cleveland Public Library's revenue has grown by 936.4%, moving from $10K to $99K. Total assets decreased by 0.5% over the same period, from $258K to $256K. Total functional expenses rose by 604.2%, from $31K to $217K. In its most recent filing year (2023), Foundation For The Cleveland Public Library reported a deficit of $118K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $217K | $256K | $0 | — | View 990 |
| 2022 | $114K | $18K | $374K | $0 | — | View 990 |
| 2021 | $19K | $83K | $278K | $0 | — | View 990 |
| 2020 | $556 | $128K | $342K | $0 | — | — |
| 2019 | $104K | $155K | $469K | $0 | — | View 990 |
| 2018 | $167K | $149K | $521K | $475 | — | View 990 |
| 2017 | $430K | $286K | $503K | $475 | — | View 990 |
| 2016 | $35K | $175K | $358K | $475 | — | View 990 |
| 2015 | $297K | $244K | $499K | $475 | — | View 990 |
| 2014 | $174K | $31K | $446K | $975 | — | View 990 |
| 2013 | $10K | $42K | $304K | $975 | — | View 990 |
| 2012 | $102K | $24K | $336K | $975 | — | View 990 |
| 2011 | $10K | $31K | $258K | $475 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $217K, and assets of $256K (revenue -12.8% year-over-year).
- 2022: Revenue of $114K, expenses of $18K, and assets of $374K (revenue +494.1% year-over-year).
- 2021: Revenue of $19K, expenses of $83K, and assets of $278K (revenue +3354.5% year-over-year).
- 2020: Revenue of $556, expenses of $128K, and assets of $342K (revenue -99.5% year-over-year).
- 2019: Revenue of $104K, expenses of $155K, and assets of $469K (revenue -37.4% year-over-year).
- 2018: Revenue of $167K, expenses of $149K, and assets of $521K (revenue -61.2% year-over-year).
- 2017: Revenue of $430K, expenses of $286K, and assets of $503K (revenue +1136.9% year-over-year).
- 2016: Revenue of $35K, expenses of $175K, and assets of $358K (revenue -88.3% year-over-year).
- 2015: Revenue of $297K, expenses of $244K, and assets of $499K (revenue +70.9% year-over-year).
- 2014: Revenue of $174K, expenses of $31K, and assets of $446K (revenue +1699.8% year-over-year).
- 2013: Revenue of $10K, expenses of $42K, and assets of $304K (revenue -90.6% year-over-year).
- 2012: Revenue of $102K, expenses of $24K, and assets of $336K (revenue +966.2% year-over-year).
- 2011: Revenue of $10K, expenses of $31K, and assets of $258K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For The Cleveland Public Library:
Data Sources and Methodology
This transparency report for Foundation For The Cleveland Public 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.