Library Company Of The Baltimore Bar
EIN: 520591622 · Baltimore, MD · NTEE: B75I
| Metric | Value |
|---|---|
| Total Revenue | $370K |
| Total Expenses | $345K |
| Net Assets | $1.8M |
Is Library Company Of The Baltimore Bar Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Library Company Of The Baltimore Bar
Library Company Of The Baltimore Bar (EIN: 520591622) is a nonprofit organization based in Baltimore, MD, classified under NTEE code B75I. The organization reported total revenue of $370K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Library Company Of The Baltimore Bar's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Library Company Of The Baltimore Bar is a small nonprofit that has been operating for 78 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $375K |
| Total Expenses | $345K |
| Surplus / Deficit | +$30K |
| Total Assets | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | 8.0% |
| Months of Reserves | 62.5 months |
Financial Health Grade: A
In 2023, Library Company Of The Baltimore Bar reported a surplus of $30K with revenue exceeding expenses, holds 62.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Library Company Of The Baltimore Bar's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | +0.9% | +11.7% |
| 2022 | -0.5% | -8.9% | -20.7% |
| 2021 | -23.1% | -14.4% | +19.9% |
| 2020 | -13.0% | -16.4% | +5.5% |
| 2019 | +3.7% | -12.8% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1948 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Library Company Of The Baltimore Bar 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 Library Company Of The Baltimore Bar 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 $30K, with revenue exceeding expenses.
Frequently Asked Questions about Library Company Of The Baltimore Bar
Is Library Company Of The Baltimore Bar a legitimate charity?
Library Company Of The Baltimore Bar (EIN: 520591622) is a registered tax-exempt nonprofit based in Maryland. It has 13 years of IRS 990 filings on record. Total revenue: $370K. No red flags identified. Financial health grade: A.
How does Library Company Of The Baltimore Bar spend its money?
Library Company Of The Baltimore Bar reported $370K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Library Company Of The Baltimore Bar tax-deductible?
Library Company Of The Baltimore Bar is registered as a tax-exempt nonprofit (EIN: 520591622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Library Company Of The Baltimore Bar located?
Library Company Of The Baltimore Bar is headquartered in Baltimore, Maryland and files with the IRS under EIN 520591622. It is classified under NTEE code B75I.
How many years of IRS 990 filings does Library Company Of The Baltimore Bar have?
Library Company Of The Baltimore Bar has 13 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 $370K in total revenue.
Filing History
IRS 990 filing history for Library Company Of The Baltimore Bar showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Library Company Of The Baltimore Bar's revenue has declined by 35.1%, moving from $578K to $375K. Total assets increased by 134.3% over the same period, from $766K to $1.8M. Total functional expenses fell by 39%, from $566K to $345K. In its most recent filing year (2023), Library Company Of The Baltimore Bar reported a surplus of $30K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $375K | $345K | $1.8M | $0 | — | View 990 |
| 2022 | $376K | $342K | $1.6M | $36 | — | View 990 |
| 2021 | $378K | $375K | $2.0M | $1K | — | View 990 |
| 2020 | $492K | $439K | $1.7M | $-1,216 | — | View 990 |
| 2019 | $565K | $525K | $1.6M | $1K | — | View 990 |
| 2018 | $545K | $602K | $1.6M | $238 | — | View 990 |
| 2017 | $672K | $608K | $1.6M | $413 | — | View 990 |
| 2016 | $699K | $640K | $1.4M | $326 | — | View 990 |
| 2015 | $609K | $601K | $1.2M | $0 | — | — |
| 2014 | $773K | $629K | $1.3M | $0 | — | View 990 |
| 2013 | $703K | $621K | $1.1M | $0 | — | View 990 |
| 2012 | $783K | $597K | $953K | $0 | — | — |
| 2011 | $578K | $566K | $766K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $375K, expenses of $345K, and assets of $1.8M (revenue -0.3% year-over-year).
- 2022: Revenue of $376K, expenses of $342K, and assets of $1.6M (revenue -0.5% year-over-year).
- 2021: Revenue of $378K, expenses of $375K, and assets of $2.0M (revenue -23.1% year-over-year).
- 2020: Revenue of $492K, expenses of $439K, and assets of $1.7M (revenue -13.0% year-over-year).
- 2019: Revenue of $565K, expenses of $525K, and assets of $1.6M (revenue +3.7% year-over-year).
- 2018: Revenue of $545K, expenses of $602K, and assets of $1.6M (revenue -18.9% year-over-year).
- 2017: Revenue of $672K, expenses of $608K, and assets of $1.6M (revenue -3.8% year-over-year).
- 2016: Revenue of $699K, expenses of $640K, and assets of $1.4M (revenue +14.8% year-over-year).
- 2015: Revenue of $609K, expenses of $601K, and assets of $1.2M (revenue -21.2% year-over-year).
- 2014: Revenue of $773K, expenses of $629K, and assets of $1.3M (revenue +10.0% year-over-year).
- 2013: Revenue of $703K, expenses of $621K, and assets of $1.1M (revenue -10.2% year-over-year).
- 2012: Revenue of $783K, expenses of $597K, and assets of $953K (revenue +35.4% year-over-year).
- 2011: Revenue of $578K, expenses of $566K, and assets of $766K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Library Company Of The Baltimore Bar:
Data Sources and Methodology
This transparency report for Library Company Of The Baltimore Bar 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.