Algona Family Ymca Foundation
Algona Family Ymca Foundation faces recent operating deficit despite substantial assets and zero executive compensation.
EIN: 208688113 · Algona, IA · NTEE: T11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $385K |
| Total Expenses | $203K |
| Program Spending | 80% |
| Net Assets | $3.0M |
| Transparency Score | 75/100 |
Is Algona Family Ymca Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Algona Family Ymca Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Algona Family Ymca Foundation
Algona Family Ymca Foundation (EIN: 208688113) is a nonprofit organization based in Algona, IA, classified under NTEE code T11. The organization reported total revenue of $385K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Algona Family Ymca Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Algona Family Ymca Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $78K |
| Total Expenses | $203K |
| Surplus / Deficit | $-125,470 |
| Total Assets | $3.0M |
| Net Assets | $3.0M |
| Operating Margin | -161.4% |
| Months of Reserves | 175.0 months |
Financial Health Grade: B
In 2023, Algona Family Ymca Foundation reported a deficit of $125K with expenses exceeding revenue, holds 175.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Algona Family Ymca Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -83.6% | -7.9% | -6.0% |
| 2022 | +39.3% | +0.1% | -7.4% |
| 2021 | +124.4% | -2.6% | +3.2% |
| 2020 | -14.4% | +9.7% | +1.7% |
| 2019 | -51.7% | +1.1% | -8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Algona Family Ymca Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Algona Family Ymca Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $125K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for a foundation of this size and suggests volunteer leadership or compensation is covered by an affiliated entity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Algona Family Ymca Foundation's IRS 990 filings:
- Significant operating deficit in the latest filing (202312: Revenue=$77,755, Expenses=$203,225).
- High volatility in annual revenue, with a sharp drop from $473,721 in 2022 to $77,755 in 2023.
Strengths
The following positive indicators were identified for Algona Family Ymca Foundation:
- Consistently reports zero liabilities, indicating strong financial solvency.
- Consistently reports 0% officer compensation, suggesting efficient use of funds at the executive level.
- Maintains a substantial asset base ($3,085,601 latest, $2,963,466 in 2023) providing financial stability.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Algona Family Ymca Foundation
Is Algona Family Ymca Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Algona Family Ymca Foundation (EIN: 208688113) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Algona Family Ymca Foundation spend its money?
Algona Family Ymca Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Algona Family Ymca Foundation tax-deductible?
Algona Family Ymca Foundation is registered as a tax-exempt nonprofit (EIN: 208688113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Algona Family Ymca Foundation's spending goes to programs?
Algona Family Ymca Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Algona Family Ymca Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Algona Family Ymca Foundation is above average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Algona Family Ymca Foundation located?
Algona Family Ymca Foundation is headquartered in Algona, Iowa and files with the IRS under EIN 208688113. It is classified under NTEE code T11.
How many years of IRS 990 filings does Algona Family Ymca Foundation have?
Algona Family Ymca Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $385K in total revenue.
What caused the significant drop in revenue from $473,721 in 2022 to $77,755 in 2023?
The provided data does not specify the reason for this sharp decline, but it could be due to a large one-time donation in 2022 not recurring, or a significant change in fundraising activities or investment income.
How does the organization cover its expenses when revenue is significantly lower, as seen in 2023?
In periods where expenses exceed revenue, such as 2023 ($203,225 expenses vs. $77,755 revenue), the organization likely draws from its substantial asset base, which stood at $2,963,466 at the end of 2023.
What are the specific program activities funded by the Algona Family Ymca Foundation?
The NTEE code T11 indicates 'YMCA (Young Men's Christian Association)', suggesting support for YMCA programs, but specific activities are not detailed in the provided financial summary.
Filing History
IRS 990 filing history for Algona Family Ymca Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Algona Family Ymca Foundation's revenue has grown by 0.8%, moving from $77K to $78K. Total assets increased by 20.8% over the same period, from $2.5M to $3.0M. Total functional expenses rose by 39.4%, from $146K to $203K. In its most recent filing year (2023), Algona Family Ymca Foundation reported a deficit of $125K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $78K | $203K | $3.0M | $0 | — | View 990 |
| 2022 | $474K | $221K | $3.2M | $0 | — | View 990 |
| 2021 | $340K | $221K | $3.4M | $0 | — | View 990 |
| 2020 | $152K | $227K | $3.3M | $0 | — | — |
| 2019 | $177K | $207K | $3.2M | $0 | — | View 990 |
| 2018 | $367K | $204K | $3.5M | $0 | — | View 990 |
| 2017 | $220K | $198K | $3.3M | $0 | — | View 990 |
| 2016 | $174K | $183K | $3.0M | $0 | — | View 990 |
| 2015 | $209K | $187K | $3.0M | $0 | — | View 990 |
| 2014 | $244K | $172K | $3.0M | $0 | — | View 990 |
| 2013 | $292K | $160K | $3.0M | $0 | — | View 990 |
| 2012 | $157K | $127K | $2.6M | $0 | — | View 990 |
| 2011 | $77K | $146K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $78K, expenses of $203K, and assets of $3.0M (revenue -83.6% year-over-year).
- 2022: Revenue of $474K, expenses of $221K, and assets of $3.2M (revenue +39.3% year-over-year).
- 2021: Revenue of $340K, expenses of $221K, and assets of $3.4M (revenue +124.4% year-over-year).
- 2020: Revenue of $152K, expenses of $227K, and assets of $3.3M (revenue -14.4% year-over-year).
- 2019: Revenue of $177K, expenses of $207K, and assets of $3.2M (revenue -51.7% year-over-year).
- 2018: Revenue of $367K, expenses of $204K, and assets of $3.5M (revenue +66.8% year-over-year).
- 2017: Revenue of $220K, expenses of $198K, and assets of $3.3M (revenue +26.2% year-over-year).
- 2016: Revenue of $174K, expenses of $183K, and assets of $3.0M (revenue -16.7% year-over-year).
- 2015: Revenue of $209K, expenses of $187K, and assets of $3.0M (revenue -14.1% year-over-year).
- 2014: Revenue of $244K, expenses of $172K, and assets of $3.0M (revenue -16.6% year-over-year).
- 2013: Revenue of $292K, expenses of $160K, and assets of $3.0M (revenue +85.8% year-over-year).
- 2012: Revenue of $157K, expenses of $127K, and assets of $2.6M (revenue +103.6% year-over-year).
- 2011: Revenue of $77K, expenses of $146K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Algona Family Ymca Foundation:
Data Sources and Methodology
This transparency report for Algona Family Ymca Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.