The Library Project Inc
The Library Project Inc shows fluctuating revenue but consistent asset growth and zero executive compensation.
EIN: 201347443 · Phoenix, AZ · NTEE: Q02 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $103K |
| Total Expenses | $134K |
| Program Spending | 85% |
| Net Assets | $201K |
| Transparency Score | 90/100 |
Is The 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 →
The Library Project Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Library Project Inc
The Library Project Inc (EIN: 201347443) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code Q02. The organization reported total revenue of $103K and total assets of $119K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Library Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Library Project Inc is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $269K |
| Total Expenses | $134K |
| Surplus / Deficit | +$135K |
| Total Assets | $201K |
| Net Assets | $201K |
| Operating Margin | 50.1% |
| Months of Reserves | 18.0 months |
Financial Health Grade: A
In 2023, The Library Project Inc reported a surplus of $135K with revenue exceeding expenses, holds 18.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), The Library Project Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +110.0% | -5.8% | +202.7% |
| 2022 | +42.7% | +99.1% | -17.7% |
| 2021 | -81.2% | -84.6% | -83.5% |
| 2020 | -11.8% | -23.6% | +2.7% |
| 2019 | -14.8% | -3.5% | -12.3% |
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 The Library Project 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, The Library Project 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $135K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 filings, indicating that no salaries are paid to executives, which is highly commendable for a nonprofit of its size.
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 The Library Project Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for The Library Project Inc:
- Consistent reporting of zero officer compensation, indicating high efficiency in directing funds to programs.
- Maintained positive net assets across all reported periods, demonstrating financial stability.
- No reported liabilities in any filing, indicating strong financial management and solvency.
- Recent rebound in revenue and assets in 2023 ($269,101 revenue, $201,333 assets) after a period of decline.
Frequently Asked Questions about The Library Project Inc
Is The Library Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Library Project Inc (EIN: 201347443) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does The Library Project Inc spend its money?
The Library Project Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Library Project Inc tax-deductible?
The Library Project Inc is registered as a tax-exempt nonprofit (EIN: 201347443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Library Project Inc's spending goes to programs?
The Library Project Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Library Project Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Library Project Inc is above average for NTEE category Q02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Library Project Inc located?
The Library Project Inc is headquartered in Phoenix, Arizona and files with the IRS under EIN 201347443. It is classified under NTEE code Q02.
How many years of IRS 990 filings does The Library Project Inc have?
The Library Project Inc has 14 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 $103K in total revenue.
What caused the significant revenue fluctuations, such as the drop from $1,101,611 in 2014 to $89,833 in 2021, and the subsequent rebound to $269,101 in 2023?
The IRS 990 data alone does not specify the reasons for these fluctuations, but they could be attributed to changes in grant funding, major donor contributions, or the scale of projects undertaken in different years.
How does The Library Project Inc manage to operate with 0% officer compensation?
This suggests that the organization is likely run by volunteers, or that executive functions are performed by individuals who are compensated through other means not classified as officer compensation on the 990, or through a separate entity.
What is the primary source of funding for The Library Project Inc given its revenue volatility?
While the 990 data doesn't detail specific funding sources, the significant swings in revenue suggest a reliance on grants, large individual donations, or project-specific funding that can vary year to year, rather than a stable base of recurring small donations.
Filing History
IRS 990 filing history for The Library Project Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Library Project Inc's revenue has declined by 4.6%, moving from $282K to $269K. Total assets increased by 106.6% over the same period, from $97K to $201K. Total functional expenses fell by 33.6%, from $202K to $134K. In its most recent filing year (2023), The Library Project Inc reported a surplus of $135K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $269K | $134K | $201K | $0 | — | — |
| 2022 | $128K | $142K | $67K | $0 | — | View 990 |
| 2021 | $90K | $72K | $81K | $0 | — | View 990 |
| 2020 | $477K | $464K | $490K | $0 | — | — |
| 2019 | $540K | $607K | $477K | $0 | — | View 990 |
| 2018 | $634K | $629K | $544K | $0 | — | View 990 |
| 2017 | $995K | $937K | $540K | $0 | — | View 990 |
| 2016 | $914K | $893K | $481K | $0 | — | View 990 |
| 2015 | $855K | $1.0M | $460K | $0 | — | View 990 |
| 2014 | $1.1M | $976K | $632K | $0 | — | View 990 |
| 2013 | $892K | $787K | $560K | $0 | — | View 990 |
| 2012 | $848K | $639K | $455K | $0 | — | View 990 |
| 2011 | $538K | $389K | $246K | $0 | — | View 990 |
| 2010 | $282K | $202K | $97K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $269K, expenses of $134K, and assets of $201K (revenue +110.0% year-over-year).
- 2022: Revenue of $128K, expenses of $142K, and assets of $67K (revenue +42.7% year-over-year).
- 2021: Revenue of $90K, expenses of $72K, and assets of $81K (revenue -81.2% year-over-year).
- 2020: Revenue of $477K, expenses of $464K, and assets of $490K (revenue -11.8% year-over-year).
- 2019: Revenue of $540K, expenses of $607K, and assets of $477K (revenue -14.8% year-over-year).
- 2018: Revenue of $634K, expenses of $629K, and assets of $544K (revenue -36.3% year-over-year).
- 2017: Revenue of $995K, expenses of $937K, and assets of $540K (revenue +8.9% year-over-year).
- 2016: Revenue of $914K, expenses of $893K, and assets of $481K (revenue +6.9% year-over-year).
- 2015: Revenue of $855K, expenses of $1.0M, and assets of $460K (revenue -22.4% year-over-year).
- 2014: Revenue of $1.1M, expenses of $976K, and assets of $632K (revenue +23.5% year-over-year).
- 2013: Revenue of $892K, expenses of $787K, and assets of $560K (revenue +5.2% year-over-year).
- 2012: Revenue of $848K, expenses of $639K, and assets of $455K (revenue +57.6% year-over-year).
- 2011: Revenue of $538K, expenses of $389K, and assets of $246K (revenue +90.8% year-over-year).
- 2010: Revenue of $282K, expenses of $202K, and assets of $97K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Library Project Inc:
Data Sources and Methodology
This transparency report for The 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.