Madison Public Library Foundation
EIN: 470759011 · Madison, NE · NTEE: B70Z
Is Madison Public Library Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Madison Public Library Foundation
Madison Public Library Foundation (EIN: 470759011) is a nonprofit organization based in Madison, NE, classified under NTEE code B70Z. The organization reported total revenue of $4K and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison Public Library Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison Public Library Foundation is a micro nonprofit that has been operating for 31 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 | $4K |
| Total Expenses | $3K |
| Surplus / Deficit | +$486 |
| Total Assets | $58K |
| Net Assets | $58K |
| Operating Margin | 13.5% |
| Months of Reserves | 224.9 months |
Financial Health Grade: A
In 2023, Madison Public Library Foundation reported a surplus of $486 with revenue exceeding expenses, holds 224.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Madison Public Library Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.2% | -30.2% | +0.8% |
| 2022 | -38.0% | -60.3% | -2.1% |
| 2021 | +7.0% | +477.1% | -9.2% |
| 2020 | +11.4% | -1.9% | +4.7% |
| 2019 | -6.2% | -37.8% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Madison Public Library Foundation 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 Madison Public Library Foundation 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 $486, with revenue exceeding expenses.
Frequently Asked Questions about Madison Public Library Foundation
Is Madison Public Library Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison Public Library Foundation (EIN: 470759011) insufficient data. 0 red flags identified, 0 strengths noted.
How does Madison Public Library Foundation spend its money?
Detailed spending breakdown data is not yet available for Madison Public Library Foundation. Check back for updated IRS 990 analysis.
Are donations to Madison Public Library Foundation tax-deductible?
Madison Public Library Foundation is registered as a tax-exempt nonprofit (EIN: 470759011). 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 Madison Public Library Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Madison Public Library Foundation's revenue has declined by 57.1%, moving from $8K to $4K. Total assets increased by 21.8% over the same period, from $48K to $58K. Total functional expenses rose by 48.5%, from $2K to $3K. In its most recent filing year (2023), Madison Public Library Foundation reported a surplus of $486, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $3K | $58K | $0 | — | — |
| 2022 | $3K | $4K | $58K | $0 | — | View 990 |
| 2021 | $5K | $11K | $59K | $0 | — | — |
| 2020 | $5K | $2K | $65K | $0 | — | — |
| 2019 | $4K | $2K | $62K | $0 | — | View 990 |
| 2018 | $5K | $3K | $60K | $0 | — | View 990 |
| 2017 | $7K | $2K | $58K | $0 | — | View 990 |
| 2016 | $5K | $4K | $53K | $0 | — | View 990 |
| 2015 | $4K | $5K | $52K | $0 | — | View 990 |
| 2014 | $6K | $4K | $52K | $0 | — | View 990 |
| 2013 | $5K | $7K | $50K | $0 | — | View 990 |
| 2012 | $5K | $2K | $51K | $0 | — | View 990 |
| 2011 | $8K | $2K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $3K, and assets of $58K (revenue +11.2% year-over-year).
- 2022: Revenue of $3K, expenses of $4K, and assets of $58K (revenue -38.0% year-over-year).
- 2021: Revenue of $5K, expenses of $11K, and assets of $59K (revenue +7.0% year-over-year).
- 2020: Revenue of $5K, expenses of $2K, and assets of $65K (revenue +11.4% year-over-year).
- 2019: Revenue of $4K, expenses of $2K, and assets of $62K (revenue -6.2% year-over-year).
- 2018: Revenue of $5K, expenses of $3K, and assets of $60K (revenue -37.2% year-over-year).
- 2017: Revenue of $7K, expenses of $2K, and assets of $58K (revenue +61.6% year-over-year).
- 2016: Revenue of $5K, expenses of $4K, and assets of $53K (revenue +7.4% year-over-year).
- 2015: Revenue of $4K, expenses of $5K, and assets of $52K (revenue -30.7% year-over-year).
- 2014: Revenue of $6K, expenses of $4K, and assets of $52K (revenue +18.3% year-over-year).
- 2013: Revenue of $5K, expenses of $7K, and assets of $50K (revenue -2.2% year-over-year).
- 2012: Revenue of $5K, expenses of $2K, and assets of $51K (revenue -36.2% year-over-year).
- 2011: Revenue of $8K, expenses of $2K, and assets of $48K.
Data Sources and Methodology
This transparency report for Madison Public Library Foundation 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.