Eastwood Of Ames Inc
Eastwood Of Ames Inc shows consistent revenue growth and zero officer compensation, building substantial assets.
EIN: 204700881 · Spencer, IA · NTEE: L990 · Updated: 2026-03-28
Is Eastwood Of Ames Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eastwood Of Ames Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eastwood Of Ames Inc
Eastwood Of Ames Inc (EIN: 204700881) is a nonprofit organization based in Spencer, IA, classified under NTEE code L990. The organization reported total revenue of $3.4M and total assets of $20.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastwood Of Ames Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eastwood Of Ames Inc with a Mission Score of 90 out of 100 (Excellent). 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, Eastwood Of Ames Inc 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.
Executive Compensation Analysis
Eastwood Of Ames Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of its size with over $4.6 million in annual revenue.
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 Eastwood Of Ames Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data prevents precise spending efficiency analysis.
Strengths
The following positive indicators were identified for Eastwood Of Ames Inc:
- Consistent revenue growth, from $1.75M in 2019 to $4.64M in 2023.
- Significant asset growth, reaching $21.7M in 2023.
- Zero officer compensation reported across all filings, indicating strong financial transparency and mission focus.
- Consistent operating surpluses in recent years (e.g., $745,255 surplus in 2023).
Frequently Asked Questions about Eastwood Of Ames Inc
Is Eastwood Of Ames Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastwood Of Ames Inc (EIN: 204700881) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Eastwood Of Ames Inc spend its money?
Eastwood Of Ames Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eastwood Of Ames Inc tax-deductible?
Eastwood Of Ames Inc is registered as a tax-exempt nonprofit (EIN: 204700881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Eastwood Of Ames Inc financially stable?
Yes, the organization appears financially stable, with consistent revenue growth from $1,750,646 in 2019 to $4,641,859 in 2023, and significant asset growth from $13,081,151 to $21,728,547 over the same period.
How does Eastwood Of Ames Inc manage executive compensation?
Eastwood Of Ames Inc reports 0% officer compensation in all available filings, meaning no compensation is paid to its officers.
Has the organization's asset base grown over time?
Yes, the organization's assets have shown substantial growth, increasing from $6,689,096 in 2017 to $21,728,547 in 2023.
What is the trend in revenue versus expenses?
In most recent years, revenue has exceeded expenses, such as in 2023 ($4,641,859 revenue vs. $3,896,604 expenses) and 2022 ($4,114,072 revenue vs. $3,383,296 expenses), indicating a healthy operating surplus.
Filing History
IRS 990 filing history for Eastwood Of Ames Inc showing financial trends over 14 years of public records:
Total assets increased by 2172854600% over the same period, from $1 to $21.7M. In its most recent filing year (2023), Eastwood Of Ames Inc reported a surplus of $745K, with revenue exceeding expenses. The organization holds $14.1M in liabilities against $21.7M in assets (debt-to-asset ratio: 65.1%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $3.9M | $21.7M | $14.1M | — | — |
| 2022 | $4.1M | $3.4M | $20.0M | $13.7M | — | View 990 |
| 2021 | $3.3M | $3.7M | $21.2M | $15.2M | — | View 990 |
| 2020 | $2.3M | $2.6M | $15.9M | $10.9M | — | View 990 |
| 2019 | $1.8M | $1.2M | $13.1M | $8.3M | — | View 990 |
| 2018 | $2.1M | $1.7M | $8.7M | $6.3M | — | View 990 |
| 2018 | $1.2M | $1.7M | $8.8M | $7.1M | — | View 990 |
| 2017 | $4.6M | $1.4M | $6.7M | $5.6M | — | View 990 |
| 2016 | $1.1M | $1.3M | $6.9M | $8.9M | — | View 990 |
| 2015 | $4.1M | $1.1M | $6.7M | $8.5M | — | View 990 |
| 2014 | $-3,925,566 | $645K | $6.5M | $11.3M | — | View 990 |
| 2013 | $1.7M | $477K | $2.4M | $2.7M | — | View 990 |
| 2012 | $137K | $748K | $-610,836 | $0 | — | View 990 |
| 2011 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $3.9M, and assets of $21.7M (revenue +12.8% year-over-year).
- 2022: Revenue of $4.1M, expenses of $3.4M, and assets of $20.0M (revenue +24.3% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.7M, and assets of $21.2M (revenue +42.7% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.6M, and assets of $15.9M (revenue +32.5% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.2M, and assets of $13.1M (revenue -16.7% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.7M, and assets of $8.7M (revenue +71.8% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.7M, and assets of $8.8M (revenue -73.1% year-over-year).
- 2017: Revenue of $4.6M, expenses of $1.4M, and assets of $6.7M (revenue +307.4% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.3M, and assets of $6.9M (revenue -72.8% year-over-year).
- 2015: Revenue of $4.1M, expenses of $1.1M, and assets of $6.7M.
- 2014: Revenue of $-3,925,566, expenses of $645K, and assets of $6.5M (revenue -332.9% year-over-year).
- 2013: Revenue of $1.7M, expenses of $477K, and assets of $2.4M (revenue +1129.6% year-over-year).
- 2012: Revenue of $137K, expenses of $748K, and assets of $-610,836.
- 2011: Revenue of $0, expenses of $0, and assets of $1.
Data Sources and Methodology
This transparency report for Eastwood Of Ames 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.