Indiana Library Federation Incorported
EIN: 351389309 · Indianapolis, IN · NTEE: B70
| Metric | Value |
|---|---|
| Total Revenue | $561K |
| Total Expenses | $485K |
| Net Assets | $1.4M |
Is Indiana Library Federation Incorported Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Indiana Library Federation Incorported
Indiana Library Federation Incorported (EIN: 351389309) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B70. The organization reported total revenue of $561K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indiana Library Federation Incorported's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indiana Library Federation Incorported is a small nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $436K |
| Total Expenses | $485K |
| Surplus / Deficit | $-48,685 |
| Total Assets | $1.6M |
| Total Liabilities | $166K |
| Net Assets | $1.4M |
| Operating Margin | -11.2% |
| Debt-to-Asset Ratio | 10.7% |
| Months of Reserves | 38.4 months |
Financial Health Grade: B
In 2023, Indiana Library Federation Incorported reported a deficit of $49K with expenses exceeding revenue, holds 38.4 months of operating reserves (strong position), has a debt-to-asset ratio of 10.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Indiana Library Federation Incorported's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.3% | +29.9% | +7.1% |
| 2022 | -24.0% | -19.9% | -4.8% |
| 2021 | -10.4% | +18.3% | +6.6% |
| 2020 | -17.9% | -17.2% | +11.4% |
| 2019 | +6.5% | +2.8% | +23.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Indiana Library Federation Incorported 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 Indiana Library Federation Incorported 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 deficit of $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.7%.
Frequently Asked Questions about Indiana Library Federation Incorported
Is Indiana Library Federation Incorported a legitimate charity?
Indiana Library Federation Incorported (EIN: 351389309) is a registered tax-exempt nonprofit based in Indiana. It has 14 years of IRS 990 filings on record. Total revenue: $561K. No red flags identified. Financial health grade: B.
How does Indiana Library Federation Incorported spend its money?
Indiana Library Federation Incorported reported $561K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Indiana Library Federation Incorported tax-deductible?
Indiana Library Federation Incorported is registered as a tax-exempt nonprofit (EIN: 351389309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Indiana Library Federation Incorported located?
Indiana Library Federation Incorported is headquartered in Indianapolis, Indiana and files with the IRS under EIN 351389309. It is classified under NTEE code B70.
How many years of IRS 990 filings does Indiana Library Federation Incorported have?
Indiana Library Federation Incorported has 14 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 $561K in total revenue.
Filing History
IRS 990 filing history for Indiana Library Federation Incorported showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Indiana Library Federation Incorported's revenue has declined by 33.8%, moving from $659K to $436K. Total assets increased by 191.2% over the same period, from $533K to $1.6M. Total functional expenses fell by 25.5%, from $651K to $485K. In its most recent filing year (2023), Indiana Library Federation Incorported reported a deficit of $49K, with expenses exceeding revenue. The organization holds $166K in liabilities against $1.6M in assets (debt-to-asset ratio: 10.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $436K | $485K | $1.6M | $166K | — | — |
| 2022 | $335K | $373K | $1.4M | $104K | — | — |
| 2021 | $440K | $466K | $1.5M | $50K | — | — |
| 2020 | $491K | $394K | $1.4M | $88K | — | View 990 |
| 2019 | $598K | $476K | $1.3M | $69K | — | View 990 |
| 2018 | $562K | $463K | $1.0M | $58K | — | View 990 |
| 2017 | $525K | $505K | $1.0M | $85K | — | View 990 |
| 2016 | $442K | $357K | $875K | $47K | — | View 990 |
| 2016 | $630K | $588K | $913K | $180K | — | View 990 |
| 2015 | $627K | $549K | $760K | $45K | — | View 990 |
| 2014 | $599K | $553K | $924K | $222K | — | View 990 |
| 2013 | $599K | $573K | $799K | $202K | — | View 990 |
| 2012 | $553K | $426K | $578K | $41K | — | View 990 |
| 2011 | $659K | $651K | $533K | $140K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $436K, expenses of $485K, and assets of $1.6M (revenue +30.3% year-over-year).
- 2022: Revenue of $335K, expenses of $373K, and assets of $1.4M (revenue -24.0% year-over-year).
- 2021: Revenue of $440K, expenses of $466K, and assets of $1.5M (revenue -10.4% year-over-year).
- 2020: Revenue of $491K, expenses of $394K, and assets of $1.4M (revenue -17.9% year-over-year).
- 2019: Revenue of $598K, expenses of $476K, and assets of $1.3M (revenue +6.5% year-over-year).
- 2018: Revenue of $562K, expenses of $463K, and assets of $1.0M (revenue +7.0% year-over-year).
- 2017: Revenue of $525K, expenses of $505K, and assets of $1.0M (revenue +18.7% year-over-year).
- 2016: Revenue of $442K, expenses of $357K, and assets of $875K (revenue -29.8% year-over-year).
- 2016: Revenue of $630K, expenses of $588K, and assets of $913K (revenue +0.4% year-over-year).
- 2015: Revenue of $627K, expenses of $549K, and assets of $760K (revenue +4.7% year-over-year).
- 2014: Revenue of $599K, expenses of $553K, and assets of $924K (revenue +0.0% year-over-year).
- 2013: Revenue of $599K, expenses of $573K, and assets of $799K (revenue +8.4% year-over-year).
- 2012: Revenue of $553K, expenses of $426K, and assets of $578K (revenue -16.2% year-over-year).
- 2011: Revenue of $659K, expenses of $651K, and assets of $533K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indiana Library Federation Incorported:
Data Sources and Methodology
This transparency report for Indiana Library Federation Incorported 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.