Quick charity verification for Islamic Foundation Of Iowa Inc (EIN: 202941534)
Verdict: Islamic Foundation Of Iowa Inc appears trustworthy
85/100Mission Score
$421KRevenue
$2.0MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, especially from 2021 to 2023 ($109,833 to $507,799).
Zero officer compensation reported across all filings, indicating volunteer leadership.
Zero liabilities reported consistently, demonstrating strong financial management.
Significant asset growth from $32,517 in 2021 to $165,791 in 2023, and a reported latest asset value of $2,020,277.
Revenues generally exceed expenses in recent periods, contributing to asset accumulation.
Spending Breakdown
How Islamic Foundation Of Iowa Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Islamic Foundation Of Iowa Inc
Is Islamic Foundation Of Iowa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Islamic Foundation Of Iowa Inc (EIN: 202941534) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Islamic Foundation Of Iowa Inc a good charity to donate to?
Islamic Foundation Of Iowa Inc has a Mission Score of 85/100. Revenue: $421K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Islamic Foundation Of Iowa Inc?
The Employer Identification Number (EIN) for Islamic Foundation Of Iowa Inc is 202941534. 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 Islamic Foundation Of Iowa Inc spend its money?
Islamic Foundation Of Iowa Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Islamic Foundation Of Iowa Inc's tax-exempt status?
You can verify Islamic Foundation Of Iowa Inc's tax-exempt status using EIN 202941534 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 Islamic Foundation Of Iowa Inc has demonstrated significant growth in revenue and expenses over the past few years, with revenue increasing from $109,833 in 2021 to $507,799 in 2023. This growth suggests an expanding operational scale. The organization consistently reports zero liabilities and zero officer compensation across all available filings, indicating a strong balance sheet and a volunteer-driven leadership model, which enhances transparency and minimizes potential conflicts of interest related to executive pay. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent reporting of no officer compensation is a positive indicator of financial stewardship. The substantial increase in assets from $32,517 in 2021 to $165,791 in 2023 (and a reported latest asset value of $2,020,277, which is significantly higher than the 2023 filing, suggesting potential asset revaluation or acquisition not fully reflected in the latest filing summary) further points to a growing financial base. The organization's financial health appears stable, with revenues generally exceeding expenses in recent years, leading to net assets growth.