Is Education Foundation Of The Iowa Chapter Of Fm & Ra Legit?
Quick charity verification for Education Foundation Of The Iowa Chapter Of Fm & Ra (EIN: 203072202)
Verdict: Education Foundation Of The Iowa Chapter Of Fm & Ra appears trustworthy
92/100Mission Score
$24KRevenue
$121KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $19,287 in 2015 to $110,724 in 2024.
Zero liabilities reported across all filing periods, indicating strong financial health.
0% officer compensation consistently reported, maximizing funds for programs.
Revenue generally exceeds expenses, leading to healthy surpluses and asset accumulation.
Robust filing history with 13 IRS 990 filings, demonstrating transparency and compliance.
Spending Breakdown
How Education Foundation Of The Iowa Chapter Of Fm & Ra allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Education Foundation Of The Iowa Chapter Of Fm & Ra
Is Education Foundation Of The Iowa Chapter Of Fm & Ra a legitimate charity?
Based on AI analysis of IRS 990 filings, Education Foundation Of The Iowa Chapter Of Fm & Ra (EIN: 203072202) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Education Foundation Of The Iowa Chapter Of Fm & Ra a good charity to donate to?
Education Foundation Of The Iowa Chapter Of Fm & Ra has a Mission Score of 92/100. Revenue: $24K. Assets: $121K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Education Foundation Of The Iowa Chapter Of Fm & Ra?
The Employer Identification Number (EIN) for Education Foundation Of The Iowa Chapter Of Fm & Ra is 203072202. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Education Foundation Of The Iowa Chapter Of Fm & Ra spend its money?
Education Foundation Of The Iowa Chapter Of Fm & Ra allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Education Foundation Of The Iowa Chapter Of Fm & Ra's tax-exempt status?
You can verify Education Foundation Of The Iowa Chapter Of Fm & Ra's tax-exempt status using EIN 203072202 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Education Foundation Of The Iowa Chapter Of Fm & Ra demonstrates consistent financial health, with assets growing steadily over the past decade, from $19,287 in 2015 to $110,724 in 2024. The organization consistently operates with no liabilities, indicating strong financial management and a lack of debt. Revenue has fluctuated, with a high of $50,043 in 2022 and a low of $17,036 in 2021, but generally exceeds expenses, leading to asset accumulation. For instance, in 2024, revenue was $29,603 against expenses of $14,163, resulting in a significant surplus.
The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that resources are primarily directed towards the organization's mission rather than administrative overhead related to executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator of efficiency. The consistent growth in assets, coupled with low expenses relative to revenue in most years, points to effective resource management.
In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with reporting requirements. The consistent reporting of 0% officer compensation across all periods is a clear and transparent disclosure regarding executive pay practices. The lack of liabilities further simplifies their financial structure, making it easier to understand their financial position. Overall, the foundation exhibits good financial health, efficient spending practices, and a commitment to transparency through its consistent IRS filings.