Midwest Collaborative For Library Services Inc
EIN: 237436918 · Lansing, MI · NTEE: B71I
| Metric | Value |
|---|---|
| Total Revenue | $26.9M |
| Total Expenses | $27.1M |
| Net Assets | $9.6M |
Is Midwest Collaborative For Library Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midwest Collaborative For Library Services Inc
Midwest Collaborative For Library Services Inc (EIN: 237436918) is a nonprofit organization based in Lansing, MI, classified under NTEE code B71I. The organization reported total revenue of $26.9M and total assets of $17.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midwest Collaborative For Library Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midwest Collaborative For Library Services Inc is a large nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26.7M |
| Total Expenses | $27.1M |
| Surplus / Deficit | $-362,583 |
| Total Assets | $16.2M |
| Total Liabilities | $6.6M |
| Net Assets | $9.6M |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 40.6% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2023, Midwest Collaborative For Library Services Inc reported a deficit of $363K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 40.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Midwest Collaborative For Library Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | +3.4% | -6.8% |
| 2022 | +0.6% | +1.6% | +15.0% |
| 2021 | -8.0% | -8.7% | -12.0% |
| 2020 | +2.6% | +1.3% | +14.7% |
| 2019 | -4.9% | -4.0% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midwest Collaborative For Library Services Inc 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 Midwest Collaborative For Library Services Inc 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 deficit of $363K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.6%.
Frequently Asked Questions about Midwest Collaborative For Library Services Inc
Is Midwest Collaborative For Library Services Inc a legitimate charity?
Midwest Collaborative For Library Services Inc (EIN: 237436918) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $26.9M. No red flags identified. Financial health grade: B.
How does Midwest Collaborative For Library Services Inc spend its money?
Midwest Collaborative For Library Services Inc reported $26.9M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Midwest Collaborative For Library Services Inc tax-deductible?
Midwest Collaborative For Library Services Inc is registered as a tax-exempt nonprofit (EIN: 237436918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midwest Collaborative For Library Services Inc located?
Midwest Collaborative For Library Services Inc is headquartered in Lansing, Michigan and files with the IRS under EIN 237436918. It is classified under NTEE code B71I.
How many years of IRS 990 filings does Midwest Collaborative For Library Services Inc have?
Midwest Collaborative For Library Services Inc has 13 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 $26.9M in total revenue.
Filing History
IRS 990 filing history for Midwest Collaborative For Library Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midwest Collaborative For Library Services Inc's revenue has declined by 15.4%, moving from $31.6M to $26.7M. Total assets increased by 0.7% over the same period, from $16.1M to $16.2M. Total functional expenses fell by 14.4%, from $31.6M to $27.1M. In its most recent filing year (2023), Midwest Collaborative For Library Services Inc reported a deficit of $363K, with expenses exceeding revenue. The organization holds $6.6M in liabilities against $16.2M in assets (debt-to-asset ratio: 40.6%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26.7M | $27.1M | $16.2M | $6.6M | — | — |
| 2022 | $26.3M | $26.2M | $17.4M | $7.6M | — | View 990 |
| 2021 | $26.2M | $25.8M | $15.1M | $4.6M | — | View 990 |
| 2020 | $28.4M | $28.2M | $17.2M | $7.8M | — | View 990 |
| 2019 | $27.7M | $27.9M | $15.0M | $5.7M | — | View 990 |
| 2018 | $29.1M | $29.0M | $14.6M | $5.3M | — | View 990 |
| 2017 | $27.9M | $27.8M | $14.3M | $5.0M | — | View 990 |
| 2016 | $27.1M | $27.0M | $14.6M | $5.5M | — | View 990 |
| 2015 | $26.8M | $26.5M | $14.5M | $5.7M | — | View 990 |
| 2014 | $25.9M | $25.6M | $14.0M | $5.2M | — | View 990 |
| 2013 | $24.8M | $24.5M | $13.8M | $5.4M | — | View 990 |
| 2012 | $29.4M | $29.3M | $13.4M | $5.4M | — | View 990 |
| 2011 | $31.6M | $31.6M | $16.1M | $7.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.7M, expenses of $27.1M, and assets of $16.2M (revenue +1.5% year-over-year).
- 2022: Revenue of $26.3M, expenses of $26.2M, and assets of $17.4M (revenue +0.6% year-over-year).
- 2021: Revenue of $26.2M, expenses of $25.8M, and assets of $15.1M (revenue -8.0% year-over-year).
- 2020: Revenue of $28.4M, expenses of $28.2M, and assets of $17.2M (revenue +2.6% year-over-year).
- 2019: Revenue of $27.7M, expenses of $27.9M, and assets of $15.0M (revenue -4.9% year-over-year).
- 2018: Revenue of $29.1M, expenses of $29.0M, and assets of $14.6M (revenue +4.2% year-over-year).
- 2017: Revenue of $27.9M, expenses of $27.8M, and assets of $14.3M (revenue +3.2% year-over-year).
- 2016: Revenue of $27.1M, expenses of $27.0M, and assets of $14.6M (revenue +0.9% year-over-year).
- 2015: Revenue of $26.8M, expenses of $26.5M, and assets of $14.5M (revenue +3.4% year-over-year).
- 2014: Revenue of $25.9M, expenses of $25.6M, and assets of $14.0M (revenue +4.7% year-over-year).
- 2013: Revenue of $24.8M, expenses of $24.5M, and assets of $13.8M (revenue -15.9% year-over-year).
- 2012: Revenue of $29.4M, expenses of $29.3M, and assets of $13.4M (revenue -6.8% year-over-year).
- 2011: Revenue of $31.6M, expenses of $31.6M, and assets of $16.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midwest Collaborative For Library Services Inc:
Data Sources and Methodology
This transparency report for Midwest Collaborative For Library Services 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.