Is Heart Of Iowa School Tuition Organization Inc Legit?
Quick charity verification for Heart Of Iowa School Tuition Organization Inc (EIN: 205286383)
Verdict: Heart Of Iowa School Tuition Organization Inc appears trustworthy
92/100Mission Score
$1.7MRevenue
$2.3MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency.
Consistently reports zero liabilities, demonstrating strong financial health and risk management.
Significant growth in assets over the past decade, from $214,130 in 2014 to $2,142,396 in 2023.
Clear alignment between organization name, NTEE code (B82 - Scholarship & Student Aid), and likely program focus.
Strong balance sheet with substantial assets relative to annual expenses.
Spending Breakdown
How Heart Of Iowa School Tuition Organization Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Heart Of Iowa School Tuition Organization Inc
Is Heart Of Iowa School Tuition Organization Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heart Of Iowa School Tuition Organization Inc (EIN: 205286383) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Heart Of Iowa School Tuition Organization Inc a good charity to donate to?
Heart Of Iowa School Tuition Organization Inc has a Mission Score of 92/100. Revenue: $1.7M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heart Of Iowa School Tuition Organization Inc?
The Employer Identification Number (EIN) for Heart Of Iowa School Tuition Organization Inc is 205286383. 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 Heart Of Iowa School Tuition Organization Inc spend its money?
Heart Of Iowa School Tuition Organization Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heart Of Iowa School Tuition Organization Inc's tax-exempt status?
You can verify Heart Of Iowa School Tuition Organization Inc's tax-exempt status using EIN 205286383 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
Heart Of Iowa School Tuition Organization Inc demonstrates consistent financial activity, primarily focused on its program services. The organization consistently reports zero liabilities across all available filings, indicating a strong balance sheet and responsible financial management. While revenue has fluctuated, such as a decrease from $2,822,143 in 2022 to $1,989,092 in 2023, the organization maintains substantial assets relative to its operational scale, with $2,142,396 in assets in 2023. The absence of officer compensation reported across all filings is a significant indicator of efficiency and a strong commitment to directing funds towards its mission, enhancing its transparency and public trust.
The organization's spending efficiency appears high, given the lack of reported officer compensation and consistent program-focused operations. The NTEE code B82 (Scholarship & Student Aid) aligns well with its name, suggesting a clear mission. The consistent growth in assets over the years, from $214,130 in 2014 to over $2 million in recent years, further supports its financial stability and capacity to fulfill its mission. The organization's financial health appears robust, with a clear dedication to its stated purpose.