Lubuto Library Project Inc
Lubuto Library Project Inc faces recurring deficits despite zero officer compensation.
EIN: 134294962 · Washington, DC · Updated: 2026-03-28
Is Lubuto Library Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lubuto Library Project Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lubuto Library Project Inc
Lubuto Library Project Inc (EIN: 134294962) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $858K and total assets of $206K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lubuto Library Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lubuto Library Project Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $528K |
| Total Expenses | $683K |
| Surplus / Deficit | $-155,817 |
| Total Assets | $332K |
| Total Liabilities | $129K |
| Net Assets | $202K |
| Operating Margin | -29.5% |
| Debt-to-Asset Ratio | 39.0% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2023, Lubuto Library Project Inc reported a deficit of $156K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 39.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lubuto Library Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.8% | +21.9% | +18.2% |
| 2022 | -16.2% | +21.1% | -50.7% |
| 2021 | -26.4% | -4.8% | +9.9% |
| 2020 | +45.6% | +30.5% | +54.7% |
| 2019 | -44.0% | -51.4% | -26.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Lubuto Library Project Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Lubuto Library Project Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $156K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership or compensation reported under other categories.
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 Lubuto Library Project Inc's IRS 990 filings:
- Recurring operating deficits (e.g., 202312, 202212, 201812, 201712, 201612, 201512)
- Decreasing asset base in recent years (from $569,875 in 202112 to $331,636 in 202312)
- Increasing liabilities in recent periods (from $944 in 201912 to $129,296 in 202312)
- Unusually consistent 0% officer compensation, which may warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Lubuto Library Project Inc:
- Consistent reporting of 0% officer compensation, indicating transparency at the executive level.
- Demonstrated ability to raise significant revenue in certain years (e.g., $777,420 in 201712, $756,558 in 201812).
- Long filing history (13 filings) suggests sustained operation over time.
Frequently Asked Questions about Lubuto Library Project Inc
Is Lubuto Library Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lubuto Library Project Inc (EIN: 134294962) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Lubuto Library Project Inc spend its money?
Lubuto Library Project Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lubuto Library Project Inc tax-deductible?
Lubuto Library Project Inc is registered as a tax-exempt nonprofit (EIN: 134294962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lubuto Library Project Inc financially stable?
The organization's financial stability is questionable, as it has frequently reported expenses exceeding revenue, such as in 202312 ($683,435 expenses vs $527,618 revenue) and 202212 ($560,850 expenses vs $380,150 revenue), leading to operating deficits. Assets have also decreased in recent years.
How does Lubuto Library Project Inc manage executive compensation?
Lubuto Library Project Inc consistently reports 0% officer compensation in its IRS 990 filings, which is a strong indicator of either volunteer leadership or that executive compensation is categorized differently within the financial statements.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated significantly, from a high of $810,999 in 201412 to $331,636 in 202312. Liabilities have generally increased in recent years, reaching $129,296 in 202312, up from $944 in 201912, which could indicate increased financial obligations.
What is the organization's revenue trend?
Revenue has been inconsistent, ranging from a low of $179,961 in 201512 to a high of $777,420 in 201712. The latest reported revenue of $527,618 in 202312 is lower than some previous years, indicating variability in funding.
Filing History
IRS 990 filing history for Lubuto Library Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lubuto Library Project Inc's revenue has grown by 119.3%, moving from $241K to $528K. Total assets increased by 22% over the same period, from $272K to $332K. Total functional expenses rose by 447.2%, from $125K to $683K. In its most recent filing year (2023), Lubuto Library Project Inc reported a deficit of $156K, with expenses exceeding revenue. The organization holds $129K in liabilities against $332K in assets (debt-to-asset ratio: 39.0%), resulting in net assets of $202K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $528K | $683K | $332K | $129K | — | — |
| 2022 | $380K | $561K | $281K | $50K | — | View 990 |
| 2021 | $454K | $463K | $570K | $162K | — | View 990 |
| 2020 | $617K | $486K | $518K | $77K | — | — |
| 2019 | $424K | $373K | $335K | $944 | — | View 990 |
| 2018 | $757K | $767K | $457K | $156K | — | View 990 |
| 2017 | $777K | $836K | $521K | $199K | — | View 990 |
| 2016 | $486K | $559K | $508K | $128K | — | View 990 |
| 2015 | $180K | $484K | $467K | $13K | — | View 990 |
| 2014 | $581K | $539K | $811K | $2K | — | View 990 |
| 2013 | $799K | $514K | $770K | $3K | — | View 990 |
| 2012 | $376K | $165K | $486K | $4K | — | View 990 |
| 2011 | $241K | $125K | $272K | $178 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $528K, expenses of $683K, and assets of $332K (revenue +38.8% year-over-year).
- 2022: Revenue of $380K, expenses of $561K, and assets of $281K (revenue -16.2% year-over-year).
- 2021: Revenue of $454K, expenses of $463K, and assets of $570K (revenue -26.4% year-over-year).
- 2020: Revenue of $617K, expenses of $486K, and assets of $518K (revenue +45.6% year-over-year).
- 2019: Revenue of $424K, expenses of $373K, and assets of $335K (revenue -44.0% year-over-year).
- 2018: Revenue of $757K, expenses of $767K, and assets of $457K (revenue -2.7% year-over-year).
- 2017: Revenue of $777K, expenses of $836K, and assets of $521K (revenue +59.9% year-over-year).
- 2016: Revenue of $486K, expenses of $559K, and assets of $508K (revenue +170.1% year-over-year).
- 2015: Revenue of $180K, expenses of $484K, and assets of $467K (revenue -69.0% year-over-year).
- 2014: Revenue of $581K, expenses of $539K, and assets of $811K (revenue -27.2% year-over-year).
- 2013: Revenue of $799K, expenses of $514K, and assets of $770K (revenue +112.6% year-over-year).
- 2012: Revenue of $376K, expenses of $165K, and assets of $486K (revenue +56.2% year-over-year).
- 2011: Revenue of $241K, expenses of $125K, and assets of $272K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lubuto Library Project Inc:
Data Sources and Methodology
This transparency report for Lubuto Library Project 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.