Independence Public Libraryfoundation Inc

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Independence Public Libraryfoundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Independence Public Libraryfoundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Independence Public Libraryfoundation Inc in one place.

Is Independence Public Libraryfoundation Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Independence Public Libraryfoundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Independence Public Libraryfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Independence Public Libraryfoundation Inc

Independence Public Libraryfoundation Inc (EIN: 205528960) is a nonprofit organization based in Independence, IA, classified under NTEE code B117. The organization reported total revenue of $229K and total assets of $412K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independence Public Libraryfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Independence Public Libraryfoundation Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Independence Public Libraryfoundation Inc reported a surplus of $16K with revenue exceeding expenses, holds 104.8 months of operating reserves (strong position).

Financial Trends

Over 13 years of filings (2011–2023), Independence Public Libraryfoundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.

IRS Tax-Exempt Classification

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 Independence Public Libraryfoundation 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: 10%
• programs: 90%
• fundraising: 0%

According to IRS 990 filings, Independence Public Libraryfoundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $16K, with revenue exceeding expenses.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for an organization of its size with latest revenue of $228,714.

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.

Strengths

The following positive indicators were identified for Independence Public Libraryfoundation Inc:

• Consistent asset growth, from $119,171 in 2014 to $343,833 in 2023.
• Zero liabilities reported across all 13 filings, indicating strong financial stability.
• 0% officer compensation reported consistently, ensuring funds are directed to mission.
• Strong program focus implied by the absence of executive compensation and NTEE code B117.
• Excellent transparency with 13 available IRS 990 filings.

Frequently Asked Questions about Independence Public Libraryfoundation Inc

Filing History

IRS 990 filing history for Independence Public Libraryfoundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Independence Public Libraryfoundation Inc's revenue has declined by 39.8%, moving from $92K to $55K. Total assets increased by 333.6% over the same period, from $79K to $344K. Total functional expenses fell by 10.3%, from $44K to $39K. In its most recent filing year (2023), Independence Public Libraryfoundation Inc reported a surplus of $16K, with revenue exceeding expenses.

Year-by-Year Financial Summary

• 2023: Revenue of $55K, expenses of $39K, and assets of $344K (revenue -0.5% year-over-year).
• 2022: Revenue of $55K, expenses of $33K, and assets of $238K (revenue -24.0% year-over-year).
• 2021: Revenue of $73K, expenses of $25K, and assets of $216K (revenue +135.4% year-over-year).
• 2020: Revenue of $31K, expenses of $27K, and assets of $168K (revenue -5.1% year-over-year).
• 2019: Revenue of $33K, expenses of $4K, and assets of $162K (revenue -22.8% year-over-year).
• 2018: Revenue of $42K, expenses of $32K, and assets of $158K (revenue +5.3% year-over-year).
• 2017: Revenue of $40K, expenses of $25K, and assets of $173K (revenue +10.4% year-over-year).
• 2016: Revenue of $36K, expenses of $12K, and assets of $158K (revenue -31.8% year-over-year).
• 2015: Revenue of $53K, expenses of $39K, and assets of $134K (revenue -8.2% year-over-year).
• 2014: Revenue of $58K, expenses of $44K, and assets of $119K (revenue +7.3% year-over-year).
• 2013: Revenue of $54K, expenses of $38K, and assets of $105K (revenue +20.0% year-over-year).
• 2012: Revenue of $45K, expenses of $36K, and assets of $89K (revenue -50.8% year-over-year).
• 2011: Revenue of $92K, expenses of $44K, and assets of $79K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Independence Public Libraryfoundation Inc:

Data Sources and Methodology

This transparency report for Independence Public Libraryfoundation 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.