Hbcu Library Alliance Inc
Hbcu Library Alliance Inc shows strong asset growth and zero executive compensation despite fluctuating annual revenues.
EIN: 204588770 · Atlanta, GA · NTEE: B700 · Updated: 2026-03-28
Is Hbcu Library Alliance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hbcu Library Alliance Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hbcu Library Alliance Inc
Hbcu Library Alliance Inc (EIN: 204588770) is a nonprofit organization based in Atlanta, GA, classified under NTEE code B700. The organization reported total revenue of $1.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hbcu Library Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hbcu Library Alliance Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $202K |
| Total Expenses | $333K |
| Surplus / Deficit | $-130,878 |
| Total Assets | $1.3M |
| Total Liabilities | $25K |
| Net Assets | $1.3M |
| Operating Margin | -64.8% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 47.6 months |
Financial Health Grade: B
In 2023, Hbcu Library Alliance Inc reported a deficit of $131K with expenses exceeding revenue, holds 47.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hbcu Library Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -84.3% | +28.4% | -13.6% |
| 2022 | +536.8% | +49.0% | +233.9% |
| 2021 | -49.1% | +7.0% | +14.6% |
| 2020 | +82.0% | +15.9% | +116.2% |
| 2019 | -17.4% | -39.0% | +32.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Hbcu Library Alliance Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Hbcu Library Alliance Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $131K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, directors, trustees, or key employees, which is highly commendable for a nonprofit of its size.
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 Hbcu Library Alliance Inc's IRS 990 filings:
- Latest filing (202306) shows expenses exceeding revenue, indicating a deficit for that period.
Strengths
The following positive indicators were identified for Hbcu Library Alliance Inc:
- Consistent reporting of 0% officer compensation across all filings.
- Significant growth in assets from $98,867 in 2011 to $1,688,237 currently.
- Substantial revenue generation in 2022 ($1,288,501) contributing to financial stability.
- Strong indication of mission-focused spending due to lack of executive compensation.
Frequently Asked Questions about Hbcu Library Alliance Inc
Is Hbcu Library Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hbcu Library Alliance Inc (EIN: 204588770) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Hbcu Library Alliance Inc spend its money?
Hbcu Library Alliance Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hbcu Library Alliance Inc tax-deductible?
Hbcu Library Alliance Inc is registered as a tax-exempt nonprofit (EIN: 204588770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hbcu Library Alliance Inc a good charity?
Based on the provided data, Hbcu Library Alliance Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, consistently reports 0% officer compensation, and has shown significant revenue generation in recent years, all pointing to a mission-focused and efficiently managed organization.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $98,867 in 2011 to $1,688,237 currently. While annual revenues fluctuate, the overall trend shows substantial growth and increased financial capacity, particularly with the large revenue in 2022.
What is the organization's approach to executive compensation?
Hbcu Library Alliance Inc has a highly transparent and efficient approach to executive compensation, consistently reporting 0% compensation for all officers, directors, trustees, and key employees across all available IRS 990 filings.
Why did expenses exceed revenue in the 202306 period?
In the 202306 period, expenses ($332,703) exceeded revenue ($201,825). This could be due to several factors, such as strategic spending of accumulated funds from prior years (like the large 2022 revenue), timing differences in grant receipts, or increased programmatic activities. It's a single-period deficit following a year of exceptional revenue.
Filing History
IRS 990 filing history for Hbcu Library Alliance Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hbcu Library Alliance Inc's revenue has grown by 291.2%, moving from $52K to $202K. Total assets increased by 1233.7% over the same period, from $99K to $1.3M. Total functional expenses rose by 294%, from $84K to $333K. In its most recent filing year (2023), Hbcu Library Alliance Inc reported a deficit of $131K, with expenses exceeding revenue. The organization holds $25K in liabilities against $1.3M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $202K | $333K | $1.3M | $25K | — | — |
| 2022 | $1.3M | $259K | $1.5M | $101K | — | View 990 |
| 2021 | $202K | $174K | $457K | $62K | — | View 990 |
| 2020 | $397K | $162K | $399K | $32K | — | View 990 |
| 2019 | $218K | $140K | $185K | $52K | — | View 990 |
| 2015 | $264K | $230K | $139K | $39K | — | View 990 |
| 2014 | $162K | $126K | $264K | $198K | — | View 990 |
| 2013 | $111K | $101K | $54K | $24K | — | View 990 |
| 2012 | $85K | $76K | $81K | $61K | — | View 990 |
| 2011 | $52K | $84K | $99K | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $202K, expenses of $333K, and assets of $1.3M (revenue -84.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $259K, and assets of $1.5M (revenue +536.8% year-over-year).
- 2021: Revenue of $202K, expenses of $174K, and assets of $457K (revenue -49.1% year-over-year).
- 2020: Revenue of $397K, expenses of $162K, and assets of $399K (revenue +82.0% year-over-year).
- 2019: Revenue of $218K, expenses of $140K, and assets of $185K (revenue -17.4% year-over-year).
- 2015: Revenue of $264K, expenses of $230K, and assets of $139K (revenue +63.0% year-over-year).
- 2014: Revenue of $162K, expenses of $126K, and assets of $264K (revenue +46.6% year-over-year).
- 2013: Revenue of $111K, expenses of $101K, and assets of $54K (revenue +30.3% year-over-year).
- 2012: Revenue of $85K, expenses of $76K, and assets of $81K (revenue +64.5% year-over-year).
- 2011: Revenue of $52K, expenses of $84K, and assets of $99K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hbcu Library Alliance Inc:
Data Sources and Methodology
This transparency report for Hbcu Library Alliance 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.