Ivoryton Library Assocation
EIN: 66044731 · Ivoryton, CT · NTEE: B70
| Metric | Value |
|---|---|
| Total Revenue | $669K |
| Total Expenses | $186K |
| Net Assets | $1.1M |
Is Ivoryton Library Assocation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ivoryton Library Assocation
Ivoryton Library Assocation (EIN: 66044731) is a nonprofit organization based in Ivoryton, CT, classified under NTEE code B70. The organization reported total revenue of $669K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ivoryton Library Assocation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ivoryton Library Assocation is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $223K |
| Total Expenses | $186K |
| Surplus / Deficit | +$37K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 16.6% |
| Months of Reserves | 72.4 months |
Financial Health Grade: A
In 2024, Ivoryton Library Assocation reported a surplus of $37K with revenue exceeding expenses, holds 72.4 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2013–2024), Ivoryton Library Assocation's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +38.7% | +10.8% | +10.5% |
| 2023 | -45.7% | +5.3% | +8.3% |
| 2022 | +20.2% | +0.4% | -6.9% |
| 2021 | +31.6% | +1.5% | +23.7% |
| 2020 | -13.5% | -5.4% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ivoryton Library Assocation 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 Ivoryton Library Assocation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $37K, with revenue exceeding expenses.
Frequently Asked Questions about Ivoryton Library Assocation
Is Ivoryton Library Assocation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ivoryton Library Assocation (EIN: 66044731) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ivoryton Library Assocation spend its money?
Detailed spending breakdown data is not yet available for Ivoryton Library Assocation. Check back for updated IRS 990 analysis.
Are donations to Ivoryton Library Assocation tax-deductible?
Ivoryton Library Assocation is registered as a tax-exempt nonprofit (EIN: 66044731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ivoryton Library Assocation located?
Ivoryton Library Assocation is headquartered in Ivoryton, Connecticut and files with the IRS under EIN 66044731. It is classified under NTEE code B70.
How many years of IRS 990 filings does Ivoryton Library Assocation have?
Ivoryton Library Assocation has 12 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 $669K in total revenue.
Filing History
IRS 990 filing history for Ivoryton Library Assocation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Ivoryton Library Assocation's revenue has grown by 14.5%, moving from $195K to $223K. Total assets increased by 102.3% over the same period, from $555K to $1.1M. Total functional expenses rose by 30.6%, from $142K to $186K. In its most recent filing year (2024), Ivoryton Library Assocation reported a surplus of $37K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $223K | $186K | $1.1M | $0 | — | View 990 |
| 2023 | $161K | $168K | $1.0M | $2K | — | View 990 |
| 2022 | $296K | $159K | $938K | $2K | — | View 990 |
| 2021 | $246K | $159K | $1.0M | $2K | — | View 990 |
| 2020 | $187K | $156K | $814K | $2K | — | View 990 |
| 2019 | $216K | $165K | $792K | $2K | — | View 990 |
| 2018 | $186K | $182K | $732K | $2K | — | — |
| 2017 | $177K | $155K | $719K | $2K | — | View 990 |
| 2016 | $199K | $144K | $655K | $2K | — | View 990 |
| 2015 | $227K | $139K | $612K | $2K | — | View 990 |
| 2014 | $132K | $135K | $572K | $2K | — | View 990 |
| 2013 | $195K | $142K | $555K | $2K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $223K, expenses of $186K, and assets of $1.1M (revenue +38.7% year-over-year).
- 2023: Revenue of $161K, expenses of $168K, and assets of $1.0M (revenue -45.7% year-over-year).
- 2022: Revenue of $296K, expenses of $159K, and assets of $938K (revenue +20.2% year-over-year).
- 2021: Revenue of $246K, expenses of $159K, and assets of $1.0M (revenue +31.6% year-over-year).
- 2020: Revenue of $187K, expenses of $156K, and assets of $814K (revenue -13.5% year-over-year).
- 2019: Revenue of $216K, expenses of $165K, and assets of $792K (revenue +15.9% year-over-year).
- 2018: Revenue of $186K, expenses of $182K, and assets of $732K (revenue +5.1% year-over-year).
- 2017: Revenue of $177K, expenses of $155K, and assets of $719K (revenue -10.7% year-over-year).
- 2016: Revenue of $199K, expenses of $144K, and assets of $655K (revenue -12.4% year-over-year).
- 2015: Revenue of $227K, expenses of $139K, and assets of $612K (revenue +72.1% year-over-year).
- 2014: Revenue of $132K, expenses of $135K, and assets of $572K (revenue -32.3% year-over-year).
- 2013: Revenue of $195K, expenses of $142K, and assets of $555K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ivoryton Library Assocation:
Data Sources and Methodology
This transparency report for Ivoryton Library Assocation 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.