Louisville Independent Businessalliance Inc
Louisville Independent Businessalliance consistently operates near break-even with no reported officer compensation.
EIN: 205025267 · Louisville, KY · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $262K |
| Total Expenses | $295K |
| Program Spending | 85% |
| Net Assets | $30K |
| Transparency Score | 85/100 |
Is Louisville Independent Businessalliance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louisville Independent Businessalliance Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louisville Independent Businessalliance Inc
Louisville Independent Businessalliance Inc (EIN: 205025267) is a nonprofit organization based in Louisville, KY, classified under NTEE code S41. The organization reported total revenue of $262K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louisville Independent Businessalliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louisville Independent Businessalliance Inc is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $256K |
| Total Expenses | $295K |
| Surplus / Deficit | $-38,765 |
| Total Assets | $30K |
| Net Assets | $30K |
| Operating Margin | -15.2% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, Louisville Independent Businessalliance Inc reported a deficit of $39K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2023), Louisville Independent Businessalliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.3% | +28.5% | -54.9% |
| 2022 | -3.7% | +6.5% | +15.5% |
| 2021 | +27.5% | +26.6% | +105.5% |
| 2020 | -20.1% | -30.3% | +371.9% |
| 2019 | -4.1% | -2.6% | -32.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Louisville Independent Businessalliance 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Louisville Independent Businessalliance Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
Executive Compensation Analysis
Louisville Independent Businessalliance Inc reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is a strong positive for a small organization of its size.
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 Louisville Independent Businessalliance Inc's IRS 990 filings:
- Occasional operating deficits (e.g., 2023 expenses $294,506 vs. revenue $255,741)
- Relatively low asset base ($23,237) for an organization of its revenue size, limiting financial cushion
Strengths
The following positive indicators were identified for Louisville Independent Businessalliance Inc:
- Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership
- Consistent IRS 990 filing history (12 filings), demonstrating strong transparency and compliance
- Stable revenue generation over a decade, indicating consistent community support
- Low liabilities ($0 reported in recent years), suggesting sound financial management
Frequently Asked Questions about Louisville Independent Businessalliance Inc
Is Louisville Independent Businessalliance Inc a legitimate charity?
Louisville Independent Businessalliance Inc (EIN: 205025267) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $262K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Louisville Independent Businessalliance Inc spend its money?
Louisville Independent Businessalliance Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Louisville Independent Businessalliance Inc tax-deductible?
Louisville Independent Businessalliance Inc is registered as a tax-exempt nonprofit (EIN: 205025267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Louisville Independent Businessalliance Inc's spending goes to programs?
Louisville Independent Businessalliance Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Louisville Independent Businessalliance Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Louisville Independent Businessalliance Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Louisville Independent Businessalliance Inc located?
Louisville Independent Businessalliance Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 205025267. It is classified under NTEE code S41.
How many years of IRS 990 filings does Louisville Independent Businessalliance Inc have?
Louisville Independent Businessalliance Inc 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 $262K in total revenue.
Is Louisville Independent Businessalliance Inc a good charity?
Based on the provided financial data, LIBA appears to be a well-managed organization with a strong commitment to its mission, evidenced by consistent operations, no reported officer compensation, and regular IRS filings. Its financial stability, despite operating on a relatively tight budget, suggests effective resource utilization.
How does LIBA manage its expenses relative to its revenue?
LIBA consistently operates near break-even, with expenses often closely matching or slightly exceeding revenue. For example, in 2023, expenses were $294,506 against revenues of $255,741, indicating a strategy of deploying most incoming funds directly into operations rather than accumulating large surpluses.
What is the trend in LIBA's assets?
LIBA's assets have fluctuated, showing a peak of $67,639 in 2022 and currently standing at $23,237. While not accumulating significant reserves, the organization maintains a modest asset base to support its operations.
Filing History
IRS 990 filing history for Louisville Independent Businessalliance Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Louisville Independent Businessalliance Inc's revenue has grown by 132.1%, moving from $110K to $256K. Total assets increased by 84.8% over the same period, from $16K to $30K. Total functional expenses rose by 176.2%, from $107K to $295K. In its most recent filing year (2023), Louisville Independent Businessalliance Inc reported a deficit of $39K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $256K | $295K | $30K | $0 | — | View 990 |
| 2022 | $236K | $229K | $68K | $0 | — | View 990 |
| 2021 | $245K | $215K | $59K | $0 | — | View 990 |
| 2020 | $192K | $170K | $28K | $0 | — | View 990 |
| 2019 | $241K | $244K | $6K | $0 | — | — |
| 2018 | $251K | $250K | $9K | $0 | — | View 990 |
| 2017 | $250K | $263K | $8K | $0 | — | View 990 |
| 2016 | $300K | $298K | $20K | $0 | — | View 990 |
| 2015 | $289K | $278K | $17K | $0 | — | View 990 |
| 2014 | $249K | $252K | $6K | $0 | — | View 990 |
| 2013 | $211K | $226K | $9K | $0 | — | View 990 |
| 2011 | $110K | $107K | $16K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $256K, expenses of $295K, and assets of $30K (revenue +8.3% year-over-year).
- 2022: Revenue of $236K, expenses of $229K, and assets of $68K (revenue -3.7% year-over-year).
- 2021: Revenue of $245K, expenses of $215K, and assets of $59K (revenue +27.5% year-over-year).
- 2020: Revenue of $192K, expenses of $170K, and assets of $28K (revenue -20.1% year-over-year).
- 2019: Revenue of $241K, expenses of $244K, and assets of $6K (revenue -4.1% year-over-year).
- 2018: Revenue of $251K, expenses of $250K, and assets of $9K (revenue +0.5% year-over-year).
- 2017: Revenue of $250K, expenses of $263K, and assets of $8K (revenue -16.7% year-over-year).
- 2016: Revenue of $300K, expenses of $298K, and assets of $20K (revenue +4.0% year-over-year).
- 2015: Revenue of $289K, expenses of $278K, and assets of $17K (revenue +16.0% year-over-year).
- 2014: Revenue of $249K, expenses of $252K, and assets of $6K (revenue +18.2% year-over-year).
- 2013: Revenue of $211K, expenses of $226K, and assets of $9K (revenue +91.3% year-over-year).
- 2011: Revenue of $110K, expenses of $107K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louisville Independent Businessalliance Inc:
Data Sources and Methodology
This transparency report for Louisville Independent Businessalliance 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.