Central Iowa Expo Inc
Central Iowa Expo Inc. consistently operates at a significant deficit, depleting assets over the last decade.
EIN: 208455185 · Boone, IA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $258K |
| Total Expenses | $340K |
| Program Spending | 70% |
| Net Assets | $1.1M |
| Transparency Score | 35/100 |
Is Central Iowa Expo Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Iowa Expo Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Central Iowa Expo Inc
Central Iowa Expo Inc (EIN: 208455185) is a nonprofit organization based in Boone, IA. The organization reported total revenue of $258K and total assets of $945K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Iowa Expo Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Iowa Expo Inc 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 -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $340K |
| Surplus / Deficit | $-172,777 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -103.4% |
| Months of Reserves | 39.3 months |
Financial Health Grade: B
In 2023, Central Iowa Expo Inc reported a deficit of $173K with expenses exceeding revenue, holds 39.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Central Iowa Expo Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -51.3% | -45.5% | -13.4% |
| 2022 | +107.1% | +31.4% | -18.1% |
| 2021 | +8.3% | -3.1% | -16.3% |
| 2020 | -11.8% | -0.6% | -15.2% |
| 2019 | -48.1% | -18.7% | -12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| 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 Central Iowa Expo Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Central Iowa Expo Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $173K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is a positive for resource allocation.
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 Central Iowa Expo Inc's IRS 990 filings:
- Consistent and significant operating deficits, with expenses exceeding revenue in 9 out of 10 reported years.
- Substantial decline in total assets from $4,185,785 in 2014 to $1,111,972 in 2023, indicating asset depletion.
- Unstable revenue streams, with large fluctuations year-over-year (e.g., $4.4M in 2016 vs. $123K in 2015).
- Lack of detailed spending breakdown (e.g., program vs. admin vs. fundraising) in the provided data, hindering efficiency assessment.
Strengths
The following positive indicators were identified for Central Iowa Expo Inc:
- 0% officer compensation reported across all available filings, indicating no executive pay.
- Low reported liabilities in most recent years ($0 in 2023, 2022, 2020, 2019, 2018).
Frequently Asked Questions about Central Iowa Expo Inc
Is Central Iowa Expo Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Iowa Expo Inc (EIN: 208455185) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Central Iowa Expo Inc spend its money?
Central Iowa Expo Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Iowa Expo Inc tax-deductible?
Central Iowa Expo Inc is registered as a tax-exempt nonprofit (EIN: 208455185). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Central Iowa Expo Inc's spending goes to programs?
Central Iowa Expo Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Central Iowa Expo Inc located?
Central Iowa Expo Inc is headquartered in Boone, Iowa and files with the IRS under EIN 208455185.
How many years of IRS 990 filings does Central Iowa Expo Inc have?
Central Iowa Expo Inc 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 $258K in total revenue.
How does Central Iowa Expo Inc. plan to address its persistent operating deficits?
The organization has consistently spent more than its revenue, with expenses exceeding revenue in 9 out of 10 reported years. For instance, in 2023, expenses were $339,847 against revenues of $167,070. A clear strategy for achieving financial sustainability is needed.
What is the cause of the significant decline in assets over the past decade?
Assets have decreased from $4,185,785 in 2014 to $1,111,972 in 2023. This substantial reduction, alongside consistent operating losses, suggests the organization may be using its reserves to cover expenses or has experienced significant asset depreciation/disposal.
What are the primary sources of revenue for Central Iowa Expo Inc. and are they stable?
Revenue has fluctuated significantly, from a high of $4,476,163 in 2016 to lows around $123,622 in 2015 and $153,070 in 2020. Understanding the nature and stability of these revenue streams is crucial given the consistent deficits.
What specific programs does Central Iowa Expo Inc. operate, and what is their impact?
The provided data lacks details on program activities. Understanding the nature and impact of their programs would help assess the effectiveness of their spending, especially given the financial challenges.
Filing History
IRS 990 filing history for Central Iowa Expo Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Iowa Expo Inc's revenue has declined by 21.1%, moving from $212K to $167K. Total assets decreased by 81.7% over the same period, from $6.1M to $1.1M. Total functional expenses fell by 72.7%, from $1.2M to $340K. In its most recent filing year (2023), Central Iowa Expo Inc reported a deficit of $173K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $340K | $1.1M | $0 | — | — |
| 2022 | $343K | $623K | $1.3M | $0 | — | — |
| 2021 | $166K | $475K | $1.6M | $4K | — | View 990 |
| 2020 | $153K | $490K | $1.9M | $0 | — | — |
| 2019 | $174K | $493K | $2.2M | $0 | — | — |
| 2018 | $334K | $607K | $2.5M | $0 | — | View 990 |
| 2017 | $164K | $494K | $2.8M | $2.4M | — | — |
| 2016 | $4.5M | $738K | $3.1M | $2.4M | — | View 990 |
| 2015 | $124K | $630K | $3.7M | $6.7M | — | View 990 |
| 2014 | $460K | $1.3M | $4.2M | $6.7M | — | View 990 |
| 2013 | $441K | $1.2M | $4.9M | $6.5M | — | View 990 |
| 2012 | $379K | $1.3M | $5.4M | $6.2M | — | View 990 |
| 2011 | $212K | $1.2M | $6.1M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $340K, and assets of $1.1M (revenue -51.3% year-over-year).
- 2022: Revenue of $343K, expenses of $623K, and assets of $1.3M (revenue +107.1% year-over-year).
- 2021: Revenue of $166K, expenses of $475K, and assets of $1.6M (revenue +8.3% year-over-year).
- 2020: Revenue of $153K, expenses of $490K, and assets of $1.9M (revenue -11.8% year-over-year).
- 2019: Revenue of $174K, expenses of $493K, and assets of $2.2M (revenue -48.1% year-over-year).
- 2018: Revenue of $334K, expenses of $607K, and assets of $2.5M (revenue +104.1% year-over-year).
- 2017: Revenue of $164K, expenses of $494K, and assets of $2.8M (revenue -96.3% year-over-year).
- 2016: Revenue of $4.5M, expenses of $738K, and assets of $3.1M (revenue +3520.8% year-over-year).
- 2015: Revenue of $124K, expenses of $630K, and assets of $3.7M (revenue -73.1% year-over-year).
- 2014: Revenue of $460K, expenses of $1.3M, and assets of $4.2M (revenue +4.5% year-over-year).
- 2013: Revenue of $441K, expenses of $1.2M, and assets of $4.9M (revenue +16.3% year-over-year).
- 2012: Revenue of $379K, expenses of $1.3M, and assets of $5.4M (revenue +78.9% year-over-year).
- 2011: Revenue of $212K, expenses of $1.2M, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Iowa Expo Inc:
Data Sources and Methodology
This transparency report for Central Iowa Expo Inc 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.