Eastern Iowa Arts Academy
EIN: 260557542 · Cedar Rapids, IA · NTEE: B25
| Metric | Value |
|---|---|
| Total Revenue | $769K |
| Total Expenses | $347K |
| Net Assets | $239K |
Is Eastern Iowa Arts Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Eastern Iowa Arts Academy
Eastern Iowa Arts Academy (EIN: 260557542) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code B25. The organization reported total revenue of $769K and total assets of $685K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastern Iowa Arts Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastern Iowa Arts Academy is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $317K |
| Total Expenses | $347K |
| Surplus / Deficit | $-30,687 |
| Total Assets | $357K |
| Total Liabilities | $118K |
| Net Assets | $239K |
| Operating Margin | -9.7% |
| Debt-to-Asset Ratio | 33.1% |
| Months of Reserves | 12.3 months |
Financial Health Grade: B
In 2024, Eastern Iowa Arts Academy reported a deficit of $31K with expenses exceeding revenue, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 33.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2012–2024), Eastern Iowa Arts Academy's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -9.3% | -9.7% | +26.2% |
| 2023 | -1.4% | +7.7% | -17.1% |
| 2022 | +8.3% | +12.9% | -8.4% |
| 2021 | -3.7% | -6.7% | +8.5% |
| 2020 | -15.2% | -15.7% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Eastern Iowa Arts Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eastern Iowa Arts Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.1%.
Frequently Asked Questions about Eastern Iowa Arts Academy
Is Eastern Iowa Arts Academy a legitimate charity?
Eastern Iowa Arts Academy (EIN: 260557542) is a registered tax-exempt nonprofit based in Iowa. It has 14 years of IRS 990 filings on record. Total revenue: $769K. No red flags identified. Financial health grade: B.
How does Eastern Iowa Arts Academy spend its money?
Eastern Iowa Arts Academy reported $769K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Eastern Iowa Arts Academy tax-deductible?
Eastern Iowa Arts Academy is registered as a tax-exempt nonprofit (EIN: 260557542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Eastern Iowa Arts Academy located?
Eastern Iowa Arts Academy is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 260557542. It is classified under NTEE code B25.
How many years of IRS 990 filings does Eastern Iowa Arts Academy have?
Eastern Iowa Arts Academy has 14 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 $769K in total revenue.
Filing History
IRS 990 filing history for Eastern Iowa Arts Academy showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2012–2024), Eastern Iowa Arts Academy's revenue has grown by 98.2%, moving from $160K to $317K. Total assets increased by 1062.3% over the same period, from $31K to $357K. Total functional expenses rose by 113.8%, from $162K to $347K. In its most recent filing year (2024), Eastern Iowa Arts Academy reported a deficit of $31K, with expenses exceeding revenue. The organization holds $118K in liabilities against $357K in assets (debt-to-asset ratio: 33.1%), resulting in net assets of $239K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $317K | $347K | $357K | $118K | — | — |
| 2023 | $349K | $385K | $283K | $17K | — | — |
| 2022 | $354K | $357K | $341K | $41K | — | View 990 |
| 2021 | $327K | $316K | $373K | $68K | — | View 990 |
| 2020 | $340K | $339K | $343K | $52K | — | — |
| 2019 | $401K | $402K | $334K | $44K | — | View 990 |
| 2018 | $388K | $370K | $335K | $43K | — | View 990 |
| 2017 | $347K | $340K | $326K | $52K | — | View 990 |
| 2016 | $318K | $343K | $314K | $48K | — | View 990 |
| 2015 | $268K | $286K | $350K | $59K | — | View 990 |
| 2014 | $302K | $333K | $372K | $63K | — | View 990 |
| 2013 | $7K | $38K | $378K | $38K | — | View 990 |
| 2013 | $573K | $223K | $391K | $20K | — | View 990 |
| 2012 | $160K | $162K | $31K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $317K, expenses of $347K, and assets of $357K (revenue -9.3% year-over-year).
- 2023: Revenue of $349K, expenses of $385K, and assets of $283K (revenue -1.4% year-over-year).
- 2022: Revenue of $354K, expenses of $357K, and assets of $341K (revenue +8.3% year-over-year).
- 2021: Revenue of $327K, expenses of $316K, and assets of $373K (revenue -3.7% year-over-year).
- 2020: Revenue of $340K, expenses of $339K, and assets of $343K (revenue -15.2% year-over-year).
- 2019: Revenue of $401K, expenses of $402K, and assets of $334K (revenue +3.2% year-over-year).
- 2018: Revenue of $388K, expenses of $370K, and assets of $335K (revenue +11.8% year-over-year).
- 2017: Revenue of $347K, expenses of $340K, and assets of $326K (revenue +9.3% year-over-year).
- 2016: Revenue of $318K, expenses of $343K, and assets of $314K (revenue +18.6% year-over-year).
- 2015: Revenue of $268K, expenses of $286K, and assets of $350K (revenue -11.3% year-over-year).
- 2014: Revenue of $302K, expenses of $333K, and assets of $372K (revenue +4207.1% year-over-year).
- 2013: Revenue of $7K, expenses of $38K, and assets of $378K (revenue -98.8% year-over-year).
- 2013: Revenue of $573K, expenses of $223K, and assets of $391K (revenue +258.4% year-over-year).
- 2012: Revenue of $160K, expenses of $162K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastern Iowa Arts Academy:
Data Sources and Methodology
This transparency report for Eastern Iowa Arts Academy 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.