Pikes Peak Library District Foundation Inc
Pikes Peak Library District Foundation shows asset growth and zero executive compensation amidst fluctuating annual revenues and expenses.
EIN: 113690724 · Colorado Spgs, CO · NTEE: B80 · Updated: 2026-03-28
Is Pikes Peak Library District Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pikes Peak Library District Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pikes Peak Library District Foundation Inc
Pikes Peak Library District Foundation Inc (EIN: 113690724) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code B80. The organization reported total revenue of $1.6M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pikes Peak Library District Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pikes Peak Library District Foundation Inc is a mid-size nonprofit that has been operating for 23 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-97,305 |
| Total Assets | $3.3M |
| Total Liabilities | $212K |
| Net Assets | $3.1M |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 29.7 months |
Financial Health Grade: B
In 2022, Pikes Peak Library District Foundation Inc reported a deficit of $97K with expenses exceeding revenue, holds 29.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2022), Pikes Peak Library District Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -17.4% | +73.8% | +2.8% |
| 2021 | +39.9% | +1.7% | +29.2% |
| 2020 | +56.9% | -42.9% | +33.9% |
| 2018 | -33.7% | +40.0% | -30.5% |
| 2017 | -14.0% | -1.5% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Pikes Peak Library District Foundation Inc with a Mission Score of 90 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, Pikes Peak Library District Foundation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $97K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.4%.
Executive Compensation Analysis
The Pikes Peak Library District Foundation consistently reports 0% officer compensation across all 11 filings, indicating that no portion of its revenue is allocated to executive salaries, which is highly commendable for an organization of its size with latest revenue of $1,630,144.
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 Pikes Peak Library District Foundation Inc's IRS 990 filings:
- Inconsistent operational surpluses, with expenses exceeding revenue in multiple years (e.g., 2022, 2018, 2015).
Strengths
The following positive indicators were identified for Pikes Peak Library District Foundation Inc:
- Consistent asset growth from $1,667,718 in 2012 to $3,333,961 in 2022.
- Zero officer compensation reported across all 11 filings, demonstrating strong financial transparency and mission focus.
- Relatively low liabilities compared to total assets, indicating good financial health.
- Strong program focus implied by the absence of executive compensation, allowing more funds for direct mission activities.
Frequently Asked Questions about Pikes Peak Library District Foundation Inc
Is Pikes Peak Library District Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pikes Peak Library District Foundation Inc (EIN: 113690724) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Pikes Peak Library District Foundation Inc spend its money?
Pikes Peak Library District Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pikes Peak Library District Foundation Inc tax-deductible?
Pikes Peak Library District Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113690724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Pikes Peak Library District Foundation Inc. financially stable?
Yes, despite some years with expenses exceeding revenue (e.g., 2022, 2018), the foundation's assets have consistently grown from $1,667,718 in 2012 to $3,333,961 in 2022, indicating long-term financial stability and effective asset management.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no funds are used for executive salaries, which is a strong positive for transparency and mission focus.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have fluctuated significantly over the past decade. For example, revenue peaked at $3,017,505 in 2013 and was $1,251,710 in 2022, while expenses were $2,800,782 in 2013 and $1,349,015 in 2022. There are periods of both surpluses and deficits.
Are the liabilities manageable for the foundation?
Yes, liabilities have generally remained low relative to assets. For instance, in 2022, liabilities were $211,849 against assets of $3,333,961, indicating a healthy financial position regarding debt.
Filing History
IRS 990 filing history for Pikes Peak Library District Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Pikes Peak Library District Foundation Inc's revenue has declined by 19.3%, moving from $1.6M to $1.3M. Total assets increased by 160.5% over the same period, from $1.3M to $3.3M. Total functional expenses fell by 7%, from $1.5M to $1.3M. In its most recent filing year (2022), Pikes Peak Library District Foundation Inc reported a deficit of $97K, with expenses exceeding revenue. The organization holds $212K in liabilities against $3.3M in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.3M | $1.3M | $3.3M | $212K | — | View 990 |
| 2021 | $1.5M | $776K | $3.2M | $24K | — | View 990 |
| 2020 | $1.1M | $763K | $2.5M | $29K | — | View 990 |
| 2018 | $690K | $1.3M | $1.9M | $8K | — | View 990 |
| 2017 | $1.0M | $954K | $2.7M | $23K | — | View 990 |
| 2016 | $1.2M | $969K | $2.5M | $27K | — | View 990 |
| 2015 | $1.3M | $1.9M | $2.2M | $39K | — | View 990 |
| 2014 | $2.1M | $1.1M | $2.9M | $60K | — | View 990 |
| 2013 | $3.0M | $2.8M | $2.1M | $268K | — | View 990 |
| 2012 | $2.5M | $2.4M | $1.7M | $0 | — | View 990 |
| 2011 | $1.6M | $1.5M | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $3.3M (revenue -17.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $776K, and assets of $3.2M (revenue +39.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $763K, and assets of $2.5M (revenue +56.9% year-over-year).
- 2018: Revenue of $690K, expenses of $1.3M, and assets of $1.9M (revenue -33.7% year-over-year).
- 2017: Revenue of $1.0M, expenses of $954K, and assets of $2.7M (revenue -14.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $969K, and assets of $2.5M (revenue -7.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.9M, and assets of $2.2M (revenue -36.9% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.1M, and assets of $2.9M (revenue -31.6% year-over-year).
- 2013: Revenue of $3.0M, expenses of $2.8M, and assets of $2.1M (revenue +19.0% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.4M, and assets of $1.7M (revenue +63.4% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pikes Peak Library District Foundation Inc:
Data Sources and Methodology
This transparency report for Pikes Peak Library District Foundation 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.