Library Of American Broadcasting Foundation Inc

Library Of American Broadcasting Foundation maintains consistent surpluses and zero officer compensation, but 2023 saw a significant liability increase.

EIN: 132622843 · Severna Park, MD · Updated: 2026-03-28

$348KRevenue

$1.0MAssets

85/100Mission Score (Excellent)

Is Library Of American Broadcasting Foundation Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Library Of American Broadcasting Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Library Of American Broadcasting Foundation Inc

Library Of American Broadcasting Foundation Inc (EIN: 132622843) is a nonprofit organization based in Severna Park, MD. The organization reported total revenue of $348K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Library Of American Broadcasting Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Library Of American Broadcasting Foundation Inc demonstrates generally sound financial health, with consistent revenue streams and a growing asset base over the past decade, reaching $932,743 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $242,389 exceeded expenses of $155,576. This indicates effective financial management and a capacity to build reserves.

Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, suggesting that resources are primarily directed towards programmatic activities rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests a lean operational model. The significant liability of $1,060,000 reported in 2023, contrasting with zero liabilities in previous years, warrants further investigation to understand its nature and impact on the organization's long-term stability.

In terms of transparency, the consistent filing of IRS Form 990s over 14 periods is a positive indicator. However, the lack of detailed expense breakdowns in the provided data limits a full assessment of how funds are allocated across programs, administration, and fundraising. The absence of officer compensation is a strong point for transparency regarding executive pay.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Library Of American Broadcasting Foundation Inc with a Mission Score of 85 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Library Of American Broadcasting Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with over $1 million in assets and consistent operations.

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 Library Of American Broadcasting Foundation Inc's IRS 990 filings:

Sudden and significant increase in liabilities to $1,060,000 in 2023 from $0 in prior years, requiring clarification.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, limiting granular analysis of spending efficiency.

Strengths

The following positive indicators were identified for Library Of American Broadcasting Foundation Inc:

Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $242,389 revenue vs. $155,576 expenses in 2023).
Growing asset base, increasing from $451,658 in 2014 to $932,743 in 2023, indicating financial stability and growth.
0% officer compensation reported across all filings, suggesting highly efficient use of funds for mission-related activities.
Strong revenue generation, with latest reported revenue at $348,087 and consistent inflows over the past decade.

Frequently Asked Questions about Library Of American Broadcasting Foundation Inc

Is Library Of American Broadcasting Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Library Of American Broadcasting Foundation Inc (EIN: 132622843) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

How does Library Of American Broadcasting Foundation Inc spend its money?

Library Of American Broadcasting Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Library Of American Broadcasting Foundation Inc tax-deductible?

Library Of American Broadcasting Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132622843). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What is the nature of the $1,060,000 liability reported in 2023, given previous years showed $0?

The sudden appearance of a $1,060,000 liability in 2023, after years of reporting zero liabilities, is a significant financial event that requires further scrutiny of the full IRS 990 filing to understand its origin and implications for the organization's financial health.

How does the organization manage to operate without any officer compensation?

The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through an affiliated entity, which is a highly efficient model but warrants understanding of the operational structure.

What are the specific program activities and their associated costs?

While the overall financial health is good, the provided data does not detail specific program activities or their individual costs, making it difficult to assess the direct impact and efficiency of their mission-related spending.

Filing History

IRS 990 filing history for Library Of American Broadcasting Foundation Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Library Of American Broadcasting Foundation Inc's revenue has declined by 35.3%, moving from $375K to $242K. Total assets increased by 72.3% over the same period, from $541K to $933K. Total functional expenses fell by 17.7%, from $189K to $156K. In its most recent filing year (2023), Library Of American Broadcasting Foundation Inc reported a surplus of $87K, with revenue exceeding expenses. The organization holds $1K in liabilities against $933K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $932K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$242K	$156K	$933K	$1K	—	—
2022	$253K	$162K	$829K	$0	—	View 990
2021	$172K	$174K	$764K	$0	—	View 990
2020	$150K	$134K	$762K	$0	—	View 990
2019	$202K	$120K	$742K	$0	—	View 990
2018	$190K	$193K	$642K	$0	—	View 990
2017	$300K	$164K	$635K	$0	—	View 990
2016	$169K	$174K	$493K	$0	—	View 990
2015	$197K	$150K	$498K	$0	—	View 990
2014	$145K	$142K	$452K	$0	—	View 990
2013	$224K	$192K	$449K	$0	—	View 990
2012	$157K	$191K	$417K	$0	—	View 990
2011	$124K	$215K	$450K	$0	—	View 990
2010	$375K	$189K	$541K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $242K, expenses of $156K, and assets of $933K (revenue -4.1% year-over-year).
2022: Revenue of $253K, expenses of $162K, and assets of $829K (revenue +47.0% year-over-year).
2021: Revenue of $172K, expenses of $174K, and assets of $764K (revenue +14.8% year-over-year).
2020: Revenue of $150K, expenses of $134K, and assets of $762K (revenue -25.9% year-over-year).
2019: Revenue of $202K, expenses of $120K, and assets of $742K (revenue +6.3% year-over-year).
2018: Revenue of $190K, expenses of $193K, and assets of $642K (revenue -36.7% year-over-year).
2017: Revenue of $300K, expenses of $164K, and assets of $635K (revenue +78.2% year-over-year).
2016: Revenue of $169K, expenses of $174K, and assets of $493K (revenue -14.2% year-over-year).
2015: Revenue of $197K, expenses of $150K, and assets of $498K (revenue +35.2% year-over-year).
2014: Revenue of $145K, expenses of $142K, and assets of $452K (revenue -35.1% year-over-year).
2013: Revenue of $224K, expenses of $192K, and assets of $449K (revenue +42.4% year-over-year).
2012: Revenue of $157K, expenses of $191K, and assets of $417K (revenue +26.7% year-over-year).
2011: Revenue of $124K, expenses of $215K, and assets of $450K (revenue -66.9% year-over-year).
2010: Revenue of $375K, expenses of $189K, and assets of $541K.

Data Sources and Methodology

This transparency report for Library Of American Broadcasting Foundation 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.