Centro Latino Of Iowa
Centro Latino Of Iowa faces recent deficits despite periods of strong revenue, with declining assets.
EIN: 202931001 · Council Blfs, IA · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $254K |
| Total Expenses | $312K |
| Program Spending | 85% |
| Net Assets | $46K |
| Transparency Score | 70/100 |
Is Centro Latino Of Iowa Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Centro Latino Of Iowa directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Centro Latino Of Iowa
Centro Latino Of Iowa (EIN: 202931001) is a nonprofit organization based in Council Blfs, IA, classified under NTEE code B60. The organization reported total revenue of $254K and total assets of $53K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centro Latino Of Iowa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centro Latino Of Iowa is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $312K |
| Surplus / Deficit | $-64,686 |
| Total Assets | $53K |
| Total Liabilities | $7K |
| Net Assets | $46K |
| Operating Margin | -26.2% |
| Debt-to-Asset Ratio | 13.9% |
| Months of Reserves | 2.1 months |
Financial Health Grade: C
In 2023, Centro Latino Of Iowa reported a deficit of $65K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 13.9% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Centro Latino Of Iowa's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.0% | -4.4% | -54.9% |
| 2022 | -42.0% | +10.2% | -52.0% |
| 2021 | -6.9% | -10.7% | +74.8% |
| 2020 | +72.8% | +50.1% | +117.2% |
| 2019 | +43.0% | +21.4% | +15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Centro Latino Of Iowa with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Centro Latino Of Iowa allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $65K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly favorable for directing funds to mission-related activities.
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 Centro Latino Of Iowa's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 and 2022)
- Significant decline in assets from $246,417 in 2021 to $53,326 in 2023
- Volatile revenue streams making financial planning difficult
Strengths
The following positive indicators were identified for Centro Latino Of Iowa:
- 0% officer compensation, indicating all funds are directed away from executive salaries
- Long operating history with 10 years of IRS 990 filings
- Demonstrated ability to raise significant funds in certain periods (e.g., $412,162 in 2020)
Frequently Asked Questions about Centro Latino Of Iowa
Is Centro Latino Of Iowa a legitimate charity?
Based on AI analysis of IRS 990 filings, Centro Latino Of Iowa (EIN: 202931001) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Centro Latino Of Iowa spend its money?
Centro Latino Of Iowa directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Centro Latino Of Iowa tax-deductible?
Centro Latino Of Iowa is registered as a tax-exempt nonprofit (EIN: 202931001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Centro Latino Of Iowa's spending goes to programs?
Centro Latino Of Iowa directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Centro Latino Of Iowa compare to similar nonprofits?
With a transparency score of 70/100 (Good), Centro Latino Of Iowa is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Centro Latino Of Iowa located?
Centro Latino Of Iowa is headquartered in Council Blfs, Iowa and files with the IRS under EIN 202931001. It is classified under NTEE code B60.
How many years of IRS 990 filings does Centro Latino Of Iowa have?
Centro Latino Of Iowa has 10 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 $254K in total revenue.
Is Centro Latino Of Iowa financially stable?
Centro Latino Of Iowa has experienced financial instability in recent years, with expenses exceeding revenue in both 2023 ($311,615 expenses vs. $246,929 revenue) and 2022 ($325,962 expenses vs. $222,385 revenue). This trend suggests a need for improved financial management or increased funding to ensure long-term stability.
How does Centro Latino Of Iowa manage its assets?
The organization's assets have fluctuated significantly, peaking at $246,417 in 2021 and then decreasing to $53,326 by 2023. This decline in assets, alongside recent deficits, suggests that the organization may be drawing down reserves to cover operational costs.
What is the trend in Centro Latino Of Iowa's revenue?
Revenue for Centro Latino Of Iowa has been inconsistent, with a peak of $412,162 in 2020, followed by a decline to $222,385 in 2022, and a slight recovery to $246,929 in 2023. This volatility makes financial planning challenging.
Filing History
IRS 990 filing history for Centro Latino Of Iowa showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Centro Latino Of Iowa's revenue has grown by 224.1%, moving from $76K to $247K. Total assets increased by 436.8% over the same period, from $10K to $53K. Total functional expenses rose by 268.6%, from $85K to $312K. In its most recent filing year (2023), Centro Latino Of Iowa reported a deficit of $65K, with expenses exceeding revenue. The organization holds $7K in liabilities against $53K in assets (debt-to-asset ratio: 13.9%), resulting in net assets of $46K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $247K | $312K | $53K | $7K | — | — |
| 2022 | $222K | $326K | $118K | $8K | — | View 990 |
| 2021 | $384K | $296K | $246K | $32K | — | View 990 |
| 2020 | $412K | $331K | $141K | $15K | — | View 990 |
| 2019 | $239K | $220K | $65K | $20K | — | View 990 |
| 2018 | $167K | $182K | $56K | $29K | — | View 990 |
| 2017 | $192K | $190K | $64K | $22K | — | View 990 |
| 2016 | $167K | $154K | $64K | $25K | — | View 990 |
| 2015 | $125K | $109K | $31K | $5K | — | View 990 |
| 2014 | $76K | $85K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $247K, expenses of $312K, and assets of $53K (revenue +11.0% year-over-year).
- 2022: Revenue of $222K, expenses of $326K, and assets of $118K (revenue -42.0% year-over-year).
- 2021: Revenue of $384K, expenses of $296K, and assets of $246K (revenue -6.9% year-over-year).
- 2020: Revenue of $412K, expenses of $331K, and assets of $141K (revenue +72.8% year-over-year).
- 2019: Revenue of $239K, expenses of $220K, and assets of $65K (revenue +43.0% year-over-year).
- 2018: Revenue of $167K, expenses of $182K, and assets of $56K (revenue -13.3% year-over-year).
- 2017: Revenue of $192K, expenses of $190K, and assets of $64K (revenue +15.3% year-over-year).
- 2016: Revenue of $167K, expenses of $154K, and assets of $64K (revenue +33.3% year-over-year).
- 2015: Revenue of $125K, expenses of $109K, and assets of $31K (revenue +64.3% year-over-year).
- 2014: Revenue of $76K, expenses of $85K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centro Latino Of Iowa:
Data Sources and Methodology
This transparency report for Centro Latino Of Iowa 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.