Is Iowa Center For Economic Success Legit?…

Quick charity verification for Iowa Center For Economic Success (EIN: 201037604)

Strengths

Long history of IRS 990 filings (13 filings), indicating good transparency and compliance.
Assets have shown significant growth over the past decade, from $276,353 in 201506 to $1,323,583 in 202306.
Generally stable revenue generation, often exceeding or closely matching expenses in most periods.
No reported officer compensation, which could indicate efficient use of funds by minimizing executive overhead.

Spending Breakdown

How Iowa Center For Economic Success allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Center For Economic Success

Is Iowa Center For Economic Success a legitimate charity?

Based on AI analysis of IRS 990 filings, Iowa Center For Economic Success (EIN: 201037604) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.

Is Iowa Center For Economic Success a good charity to donate to?

Iowa Center For Economic Success has a Mission Score of 75/100. Revenue: $1.4M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Iowa Center For Economic Success?

The Employer Identification Number (EIN) for Iowa Center For Economic Success is 201037604. 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 Center For Economic Success spend its money?

Iowa Center For Economic Success allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Iowa Center For Economic Success's tax-exempt status?

You can verify Iowa Center For Economic Success's tax-exempt status using EIN 201037604 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 Center For Economic Success demonstrates generally stable financial health, with revenues consistently exceeding or closely matching expenses in most recent years. For instance, in 202206, revenue was $1,455,133 against expenses of $1,218,083, indicating a surplus. However, the 202306 filing shows expenses ($1,340,376) exceeding revenue ($1,154,286), leading to a deficit for that period. The organization's assets have shown growth over the long term, from $276,353 in 201506 to $1,323,583 in 202306, suggesting a build-up of financial reserves, though liabilities have also fluctuated significantly, reaching $610,025 in 202306.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent operation with revenues generally covering expenses suggests a degree of operational efficiency. The absence of reported officer compensation across all filings indicates a potential strength in minimizing executive overhead, or that compensation is reported differently or is very low. 

Transparency appears to be strong given the consistent filing of IRS Form 990s over 13 periods. The lack of reported officer compensation could be interpreted as a positive for transparency regarding executive pay, assuming it accurately reflects the compensation structure. Further analysis of the full 990 forms would be needed to fully assess program spending ratios and other detailed financial metrics.

Is Iowa Center For Economic Success Legit?

Verdict: Iowa Center For Economic Success appears trustworthy

Red Flags