Friends Of The Center Waterloo Recreation And Arts Center
EIN: 237093581 · Waterloo, IA
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $28K |
| Net Assets | $226K |
Is Friends Of The Center Waterloo Recreation And Arts Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of The Center Waterloo Recreation And Arts Center
Friends Of The Center Waterloo Recreation And Arts Center (EIN: 237093581) is a nonprofit organization based in Waterloo, IA. The organization reported total revenue of $75K and total assets of $260K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Center Waterloo Recreation And Arts Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Center Waterloo Recreation And Arts Center is a micro nonprofit that has been operating for 55 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $28K |
| Surplus / Deficit | +$3K |
| Total Assets | $226K |
| Net Assets | $226K |
| Operating Margin | 9.9% |
| Months of Reserves | 98.3 months |
Financial Health Grade: A
In 2023, Friends Of The Center Waterloo Recreation And Arts Center reported a surplus of $3K with revenue exceeding expenses, holds 98.3 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Friends Of The Center Waterloo Recreation And Arts Center's revenue has declined at a compound annual growth rate (CAGR) of -10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.6% | -43.9% | +2.1% |
| 2022 | -6.8% | +102.0% | +0.2% |
| 2021 | +14.0% | +41.9% | +15.6% |
| 2020 | +2.4% | +35.0% | +23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of The Center Waterloo Recreation And Arts Center 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 Friends Of The Center Waterloo Recreation And Arts Center 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Frequently Asked Questions about Friends Of The Center Waterloo Recreation And Arts Center
Is Friends Of The Center Waterloo Recreation And Arts Center a legitimate charity?
Friends Of The Center Waterloo Recreation And Arts Center (EIN: 237093581) is a registered tax-exempt nonprofit based in Iowa. It has 5 years of IRS 990 filings on record. Total revenue: $75K. No red flags identified. Financial health grade: A.
How does Friends Of The Center Waterloo Recreation And Arts Center spend its money?
Friends Of The Center Waterloo Recreation And Arts Center reported $75K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of The Center Waterloo Recreation And Arts Center tax-deductible?
Friends Of The Center Waterloo Recreation And Arts Center is registered as a tax-exempt nonprofit (EIN: 237093581). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of The Center Waterloo Recreation And Arts Center located?
Friends Of The Center Waterloo Recreation And Arts Center is headquartered in Waterloo, Iowa and files with the IRS under EIN 237093581.
How many years of IRS 990 filings does Friends Of The Center Waterloo Recreation And Arts Center have?
Friends Of The Center Waterloo Recreation And Arts Center has 5 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 $75K in total revenue.
Filing History
IRS 990 filing history for Friends Of The Center Waterloo Recreation And Arts Center showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Friends Of The Center Waterloo Recreation And Arts Center's revenue has declined by 34.3%, moving from $47K to $31K. Total assets increased by 45.7% over the same period, from $155K to $226K. Total functional expenses rose by 117%, from $13K to $28K. In its most recent filing year (2023), Friends Of The Center Waterloo Recreation And Arts Center reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31K | $28K | $226K | $0 | — | — |
| 2022 | $51K | $49K | $222K | $0 | — | — |
| 2021 | $54K | $24K | $221K | $0 | — | — |
| 2020 | $48K | $17K | $192K | $0 | — | — |
| 2019 | $47K | $13K | $155K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31K, expenses of $28K, and assets of $226K (revenue -39.6% year-over-year).
- 2022: Revenue of $51K, expenses of $49K, and assets of $222K (revenue -6.8% year-over-year).
- 2021: Revenue of $54K, expenses of $24K, and assets of $221K (revenue +14.0% year-over-year).
- 2020: Revenue of $48K, expenses of $17K, and assets of $192K (revenue +2.4% year-over-year).
- 2019: Revenue of $47K, expenses of $13K, and assets of $155K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Center Waterloo Recreation And Arts Center:
Data Sources and Methodology
This transparency report for Friends Of The Center Waterloo Recreation And Arts Center 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.