Michigan Library Association
EIN: 381404517 · Lansing, MI · NTEE: B03
| Metric | Value |
|---|---|
| Total Revenue | $979K |
| Total Expenses | $898K |
| Net Assets | $823K |
Is Michigan Library Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michigan Library Association
Michigan Library Association (EIN: 381404517) is a nonprofit organization based in Lansing, MI, classified under NTEE code B03. The organization reported total revenue of $979K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michigan Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michigan Library Association is a small nonprofit that has been operating for 57 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $899K |
| Total Expenses | $898K |
| Surplus / Deficit | +$591 |
| Total Assets | $1.2M |
| Total Liabilities | $364K |
| Net Assets | $823K |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 30.6% |
| Months of Reserves | 15.9 months |
Financial Health Grade: A
In 2023, Michigan Library Association reported a surplus of $591 with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 30.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Michigan Library Association's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.8% | -6.3% | -1.2% |
| 2022 | +87.3% | +67.2% | +9.6% |
| 2021 | -26.0% | -14.3% | +10.3% |
| 2020 | +5.4% | -5.7% | +5.7% |
| 2019 | +7.1% | +8.9% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michigan Library Association 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 Michigan Library Association 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 $591, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.6%.
Frequently Asked Questions about Michigan Library Association
Is Michigan Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Michigan Library Association (EIN: 381404517) insufficient data. 0 red flags identified, 0 strengths noted.
How does Michigan Library Association spend its money?
Detailed spending breakdown data is not yet available for Michigan Library Association. Check back for updated IRS 990 analysis.
Are donations to Michigan Library Association tax-deductible?
Michigan Library Association is registered as a tax-exempt nonprofit (EIN: 381404517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michigan Library Association located?
Michigan Library Association is headquartered in Lansing, Michigan and files with the IRS under EIN 381404517. It is classified under NTEE code B03.
How many years of IRS 990 filings does Michigan Library Association have?
Michigan Library Association 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 $979K in total revenue.
Filing History
IRS 990 filing history for Michigan Library Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Michigan Library Association's revenue has grown by 34.8%, moving from $667K to $899K. Total assets increased by 43.7% over the same period, from $826K to $1.2M. Total functional expenses rose by 67.3%, from $537K to $898K. In its most recent filing year (2023), Michigan Library Association reported a surplus of $591, with revenue exceeding expenses. The organization holds $364K in liabilities against $1.2M in assets (debt-to-asset ratio: 30.6%), resulting in net assets of $823K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $899K | $898K | $1.2M | $364K | — | View 990 |
| 2022 | $1.1M | $959K | $1.2M | $380K | — | View 990 |
| 2021 | $577K | $574K | $1.1M | $395K | — | View 990 |
| 2020 | $780K | $669K | $995K | $288K | — | View 990 |
| 2019 | $740K | $710K | $941K | $344K | — | View 990 |
| 2018 | $691K | $652K | $899K | $333K | — | View 990 |
| 2017 | $604K | $625K | $841K | $314K | — | View 990 |
| 2016 | $624K | $673K | $885K | $338K | — | View 990 |
| 2015 | $601K | $656K | $877K | $280K | — | View 990 |
| 2014 | $699K | $615K | $931K | $280K | — | View 990 |
| 2013 | $707K | $655K | $864K | $297K | — | View 990 |
| 2012 | $667K | $537K | $826K | $312K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $899K, expenses of $898K, and assets of $1.2M (revenue -16.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $959K, and assets of $1.2M (revenue +87.3% year-over-year).
- 2021: Revenue of $577K, expenses of $574K, and assets of $1.1M (revenue -26.0% year-over-year).
- 2020: Revenue of $780K, expenses of $669K, and assets of $995K (revenue +5.4% year-over-year).
- 2019: Revenue of $740K, expenses of $710K, and assets of $941K (revenue +7.1% year-over-year).
- 2018: Revenue of $691K, expenses of $652K, and assets of $899K (revenue +14.3% year-over-year).
- 2017: Revenue of $604K, expenses of $625K, and assets of $841K (revenue -3.1% year-over-year).
- 2016: Revenue of $624K, expenses of $673K, and assets of $885K (revenue +3.7% year-over-year).
- 2015: Revenue of $601K, expenses of $656K, and assets of $877K (revenue -13.9% year-over-year).
- 2014: Revenue of $699K, expenses of $615K, and assets of $931K (revenue -1.2% year-over-year).
- 2013: Revenue of $707K, expenses of $655K, and assets of $864K (revenue +6.1% year-over-year).
- 2012: Revenue of $667K, expenses of $537K, and assets of $826K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michigan Library Association:
Data Sources and Methodology
This transparency report for Michigan Library Association 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.