Quick charity verification for Southwest Iowa Housing Trust Fund Inc (EIN: 20749992)
Verdict: Southwest Iowa Housing Trust Fund Inc appears trustworthy
90/100Mission Score
$763KRevenue
$586KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed spending breakdown (program, admin, fundraising) in provided summary data, making precise efficiency analysis difficult.
Strengths
Consistent positive net income in recent years (e.g., $34,762 surplus in 2023).
Growing asset base, from $284,524 in 2023 to $586,315 currently.
Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
Low liabilities, with $0 reported in 2022 and 2023, demonstrating strong financial health.
Strong revenue growth in the latest period, reaching $763,100.
Spending Breakdown
How Southwest Iowa Housing Trust Fund 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 Southwest Iowa Housing Trust Fund Inc
Is Southwest Iowa Housing Trust Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southwest Iowa Housing Trust Fund Inc (EIN: 20749992) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Southwest Iowa Housing Trust Fund Inc a good charity to donate to?
Southwest Iowa Housing Trust Fund Inc has a Mission Score of 90/100. Revenue: $763K. Assets: $586K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Southwest Iowa Housing Trust Fund Inc?
The Employer Identification Number (EIN) for Southwest Iowa Housing Trust Fund Inc is 20749992. 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 Southwest Iowa Housing Trust Fund Inc spend its money?
Southwest Iowa Housing Trust Fund Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Southwest Iowa Housing Trust Fund Inc's tax-exempt status?
You can verify Southwest Iowa Housing Trust Fund Inc's tax-exempt status using EIN 20749992 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
Southwest Iowa Housing Trust Fund Inc demonstrates a generally stable financial position, with assets growing from $284,524 in 2023 to $586,315 currently, indicating prudent financial management. The organization consistently spends less than its revenue, as seen in 2023 where expenses were $322,145 against revenues of $356,907, leading to an increase in net assets. This trend of positive net income in recent years (2021-2023) suggests a healthy operational surplus. The organization's transparency is commendable, particularly with its consistent reporting of 0% officer compensation across all available filings, which indicates that executive pay is not a significant drain on resources and aligns with a mission-first approach. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial health appears sound, with a focus on building assets and maintaining a positive financial trajectory.