Is Iowa Asian Alliance Foundation Legit? —…

Quick charity verification for Iowa Asian Alliance Foundation (EIN: 200557881)

Strengths

Consistent revenue growth, with revenue increasing from $111,076 in 2020 to $438,987 in 2023.
Healthy asset accumulation, growing from $171,623 in 2020 to $369,982 in 2023.
No reported officer compensation across all 13 filings, suggesting efficient use of funds for mission-related activities.
Long history of IRS 990 filings (13 periods), indicating strong transparency and compliance.
Positive net income in most recent years (e.g., $313 in 2023, $132,129 in 2022), contributing to asset growth.

Spending Breakdown

How Iowa Asian Alliance Foundation allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Iowa Asian Alliance Foundation

Is Iowa Asian Alliance Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Iowa Asian Alliance Foundation (EIN: 200557881) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.

Is Iowa Asian Alliance Foundation a good charity to donate to?

Iowa Asian Alliance Foundation has a Mission Score of 90/100. Revenue: $476K. Assets: $434K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Iowa Asian Alliance Foundation?

The Employer Identification Number (EIN) for Iowa Asian Alliance Foundation is 200557881. 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 Iowa Asian Alliance Foundation spend its money?

Iowa Asian Alliance Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Iowa Asian Alliance Foundation's tax-exempt status?

You can verify Iowa Asian Alliance Foundation's tax-exempt status using EIN 200557881 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 Iowa Asian Alliance Foundation demonstrates consistent financial growth and a strong commitment to its mission, as evidenced by its program spending. In 2023, the organization reported revenues of $438,987 against expenses of $438,674, indicating a near break-even operation for the year. Over the past five years, revenue has fluctuated but generally trended upwards, from $111,076 in 2020 to $438,987 in 2023, showcasing resilience and growth post-pandemic. The organization's assets have also grown significantly, from $171,623 in 2020 to $369,982 in 2023, providing a solid financial base.

The organization's spending efficiency appears robust, with a significant portion of its expenses directed towards program services. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the absence of officer compensation reported across all filings suggests a volunteer-led or very lean executive structure, which can contribute to lower overhead. This structure, combined with consistent revenue generation, points to an organization focused on maximizing its impact.

Transparency is enhanced by the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The lack of reported officer compensation is a notable positive indicator of financial stewardship. Overall, the Iowa Asian Alliance Foundation appears to be a financially healthy and efficiently run organization, effectively utilizing its resources to achieve its mission.

Is Iowa Asian Alliance Foundation Legit?

Verdict: Iowa Asian Alliance Foundation appears trustworthy

Red Flags