Lanier Library Assn Inc
EIN: 560582029 · Tryon, NC · NTEE: B71Z
Is Lanier Library Assn Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lanier Library Assn Inc
Lanier Library Assn Inc (EIN: 560582029) is a nonprofit organization based in Tryon, NC, classified under NTEE code B71Z. The organization reported total revenue of $621K and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lanier Library Assn Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lanier Library Assn Inc is a small nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $301K |
| Total Expenses | $279K |
| Surplus / Deficit | +$22K |
| Total Assets | $3.8M |
| Total Liabilities | $14K |
| Net Assets | $3.8M |
| Operating Margin | 7.3% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 163.7 months |
Financial Health Grade: A
In 2023, Lanier Library Assn Inc reported a surplus of $22K with revenue exceeding expenses, holds 163.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lanier Library Assn Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.5% | +10.7% | +11.5% |
| 2022 | -71.5% | +26.5% | -1.2% |
| 2021 | +556.3% | +1.0% | +17.5% |
| 2020 | +5.2% | -0.6% | +10.8% |
| 2019 | +15.9% | +25.6% | +18.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1951 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lanier Library Assn Inc 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 Lanier Library Assn Inc 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 surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Lanier Library Assn Inc
Is Lanier Library Assn Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lanier Library Assn Inc (EIN: 560582029) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lanier Library Assn Inc spend its money?
Detailed spending breakdown data is not yet available for Lanier Library Assn Inc. Check back for updated IRS 990 analysis.
Are donations to Lanier Library Assn Inc tax-deductible?
Lanier Library Assn Inc is registered as a tax-exempt nonprofit (EIN: 560582029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Lanier Library Assn Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lanier Library Assn Inc's revenue has grown by 192.7%, moving from $103K to $301K. Total assets increased by 136.1% over the same period, from $1.6M to $3.8M. Total functional expenses rose by 112.2%, from $131K to $279K. In its most recent filing year (2023), Lanier Library Assn Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $14K in liabilities against $3.8M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $301K | $279K | $3.8M | $14K | — | — |
| 2022 | $404K | $252K | $3.4M | $13K | — | View 990 |
| 2021 | $1.4M | $199K | $3.5M | $11K | — | — |
| 2020 | $216K | $197K | $2.9M | $2K | — | View 990 |
| 2019 | $205K | $198K | $2.7M | $2K | — | View 990 |
| 2018 | $177K | $158K | $2.2M | $12 | — | View 990 |
| 2017 | $205K | $182K | $2.4M | $1K | — | View 990 |
| 2016 | $104K | $176K | $2.2M | $3K | — | View 990 |
| 2015 | $86K | $176K | $2.2M | $1K | — | View 990 |
| 2014 | $85K | $132K | $2.3M | $2K | — | View 990 |
| 2013 | $289K | $144K | $2.2M | $2K | — | View 990 |
| 2012 | $248K | $144K | $1.8M | $2K | — | View 990 |
| 2011 | $103K | $131K | $1.6M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $301K, expenses of $279K, and assets of $3.8M (revenue -25.5% year-over-year).
- 2022: Revenue of $404K, expenses of $252K, and assets of $3.4M (revenue -71.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $199K, and assets of $3.5M (revenue +556.3% year-over-year).
- 2020: Revenue of $216K, expenses of $197K, and assets of $2.9M (revenue +5.2% year-over-year).
- 2019: Revenue of $205K, expenses of $198K, and assets of $2.7M (revenue +15.9% year-over-year).
- 2018: Revenue of $177K, expenses of $158K, and assets of $2.2M (revenue -13.5% year-over-year).
- 2017: Revenue of $205K, expenses of $182K, and assets of $2.4M (revenue +97.7% year-over-year).
- 2016: Revenue of $104K, expenses of $176K, and assets of $2.2M (revenue +19.8% year-over-year).
- 2015: Revenue of $86K, expenses of $176K, and assets of $2.2M (revenue +1.6% year-over-year).
- 2014: Revenue of $85K, expenses of $132K, and assets of $2.3M (revenue -70.5% year-over-year).
- 2013: Revenue of $289K, expenses of $144K, and assets of $2.2M (revenue +16.2% year-over-year).
- 2012: Revenue of $248K, expenses of $144K, and assets of $1.8M (revenue +141.9% year-over-year).
- 2011: Revenue of $103K, expenses of $131K, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Lanier Library Assn 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.