Kalamazoo Book Arts Center
Kalamazoo Book Arts Center maintains stable finances with zero officer compensation.
EIN: 204202088 · Kalamazoo, MI · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $260K |
| Total Expenses | $223K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $271,972. |
| Net Assets | $196K |
| Transparency Score | 90/100 |
Is Kalamazoo Book Arts Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kalamazoo Book Arts Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kalamazoo Book Arts Center
Kalamazoo Book Arts Center (EIN: 204202088) is a nonprofit organization based in Kalamazoo, MI, classified under NTEE code A25. The organization reported total revenue of $260K and total assets of $342K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kalamazoo Book Arts Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kalamazoo Book Arts Center is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $223K |
| Surplus / Deficit | $-26,072 |
| Total Assets | $199K |
| Total Liabilities | $3K |
| Net Assets | $196K |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2024, Kalamazoo Book Arts Center reported a deficit of $26K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Kalamazoo Book Arts Center's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -10.5% | +13.5% | -11.3% |
| 2023 | -19.2% | +5.3% | +11.5% |
| 2022 | +33.0% | +56.9% | +54.4% |
| 2021 | +26.0% | -31.7% | +182.0% |
| 2020 | +6.1% | +15.1% | +19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Kalamazoo Book Arts Center with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Kalamazoo Book Arts Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization with revenues up to $271,972.
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 Kalamazoo Book Arts Center's IRS 990 filings:
- Unusually low liabilities could indicate underreporting or specific financial structures that warrant further investigation, though generally positive.
Strengths
The following positive indicators were identified for Kalamazoo Book Arts Center:
- Consistent 0% officer compensation, indicating high resource allocation to mission.
- Strong asset growth from $54,981 in 2015 to $199,213 in 2024.
- Very low liabilities across all reporting periods, demonstrating financial stability.
- Consistent IRS 990 filing history (14 filings), indicating good transparency.
- Revenue growth over the long term, from $154,790 in 2015 to $196,669 in 2024.
Frequently Asked Questions about Kalamazoo Book Arts Center
Is Kalamazoo Book Arts Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Kalamazoo Book Arts Center (EIN: 204202088) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Kalamazoo Book Arts Center spend its money?
Kalamazoo Book Arts Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kalamazoo Book Arts Center tax-deductible?
Kalamazoo Book Arts Center is registered as a tax-exempt nonprofit (EIN: 204202088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kalamazoo Book Arts Center CEO make?
Kalamazoo Book Arts Center's highest-compensated officer earns $271,972. annually. The organization reported $260K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kalamazoo Book Arts Center's spending goes to programs?
Kalamazoo Book Arts Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kalamazoo Book Arts Center compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Kalamazoo Book Arts Center is above average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kalamazoo Book Arts Center located?
Kalamazoo Book Arts Center is headquartered in Kalamazoo, Michigan and files with the IRS under EIN 204202088. It is classified under NTEE code A25.
How many years of IRS 990 filings does Kalamazoo Book Arts Center have?
Kalamazoo Book Arts Center 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 $260K in total revenue.
Is Kalamazoo Book Arts Center a good charity?
Based on the provided data, the Kalamazoo Book Arts Center appears to be a good charity. It demonstrates strong financial stability with growing assets and minimal liabilities, consistent revenue generation, and notably, zero reported officer compensation, suggesting a high dedication of resources to its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved over time. Assets have grown from $54,981 in 2015 to $199,213 in 2024, and revenues have shown an upward trend, despite some annual fluctuations, indicating sustained growth and capacity building.
What is the trend in revenue and expenses?
Revenue has fluctuated but generally trended upwards, from $154,790 in 2015 to $196,669 in 2024, with a peak of $271,972 in 2022. Expenses have also increased over time, generally tracking revenue, indicating active program delivery and operational costs.
Are there any concerns regarding liabilities?
No, liabilities are consistently very low across all reported periods, ranging from $0 to $19,199, which is a strong indicator of financial health and minimal debt burden.
Filing History
IRS 990 filing history for Kalamazoo Book Arts Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Kalamazoo Book Arts Center's revenue has grown by 102.8%, moving from $97K to $197K. Total assets increased by 1595.4% over the same period, from $12K to $199K. Total functional expenses rose by 146.7%, from $90K to $223K. In its most recent filing year (2024), Kalamazoo Book Arts Center reported a deficit of $26K, with expenses exceeding revenue. The organization holds $3K in liabilities against $199K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $196K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $197K | $223K | $199K | $3K | — | — |
| 2023 | $220K | $196K | $224K | $2K | — | View 990 |
| 2022 | $272K | $186K | $201K | $3K | — | View 990 |
| 2021 | $204K | $119K | $130K | $18K | — | — |
| 2020 | $162K | $174K | $46K | $19K | — | View 990 |
| 2019 | $153K | $151K | $39K | $0 | — | View 990 |
| 2018 | $144K | $153K | $37K | $0 | — | — |
| 2017 | $129K | $147K | $46K | $0 | — | View 990 |
| 2016 | $149K | $138K | $66K | $2K | — | View 990 |
| 2015 | $155K | $127K | $55K | $2K | — | View 990 |
| 2014 | $64K | $57K | $27K | $901 | — | View 990 |
| 2013 | $111K | $108K | $19K | $960 | — | View 990 |
| 2012 | $118K | $113K | $16K | $537 | — | View 990 |
| 2011 | $97K | $90K | $12K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $197K, expenses of $223K, and assets of $199K (revenue -10.5% year-over-year).
- 2023: Revenue of $220K, expenses of $196K, and assets of $224K (revenue -19.2% year-over-year).
- 2022: Revenue of $272K, expenses of $186K, and assets of $201K (revenue +33.0% year-over-year).
- 2021: Revenue of $204K, expenses of $119K, and assets of $130K (revenue +26.0% year-over-year).
- 2020: Revenue of $162K, expenses of $174K, and assets of $46K (revenue +6.1% year-over-year).
- 2019: Revenue of $153K, expenses of $151K, and assets of $39K (revenue +6.3% year-over-year).
- 2018: Revenue of $144K, expenses of $153K, and assets of $37K (revenue +11.3% year-over-year).
- 2017: Revenue of $129K, expenses of $147K, and assets of $46K (revenue -13.1% year-over-year).
- 2016: Revenue of $149K, expenses of $138K, and assets of $66K (revenue -3.9% year-over-year).
- 2015: Revenue of $155K, expenses of $127K, and assets of $55K (revenue +142.0% year-over-year).
- 2014: Revenue of $64K, expenses of $57K, and assets of $27K (revenue -42.2% year-over-year).
- 2013: Revenue of $111K, expenses of $108K, and assets of $19K (revenue -6.6% year-over-year).
- 2012: Revenue of $118K, expenses of $113K, and assets of $16K (revenue +22.1% year-over-year).
- 2011: Revenue of $97K, expenses of $90K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kalamazoo Book Arts Center:
Data Sources and Methodology
This transparency report for Kalamazoo Book Arts Center 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.