Heart Of Iowa School Tuition Organization Inc
Heart Of Iowa School Tuition Organization Inc consistently operates with zero officer compensation and no liabilities.
EIN: 205286383 · Urbandale, IA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $2.6M |
| Program Spending | 95% |
| Net Assets | $2.1M |
| Transparency Score | 92/100 |
Is Heart Of Iowa School Tuition Organization Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heart Of Iowa School Tuition Organization Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heart Of Iowa School Tuition Organization Inc
Heart Of Iowa School Tuition Organization Inc (EIN: 205286383) is a nonprofit organization based in Urbandale, IA, classified under NTEE code B82. The organization reported total revenue of $1.7M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Of Iowa School Tuition Organization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heart Of Iowa School Tuition Organization Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-605,171 |
| Total Assets | $2.1M |
| Net Assets | $2.1M |
| Operating Margin | -30.4% |
| Months of Reserves | 9.9 months |
Financial Health Grade: B
In 2023, Heart Of Iowa School Tuition Organization Inc reported a deficit of $605K with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Heart Of Iowa School Tuition Organization Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.5% | +18.8% | -22.0% |
| 2022 | +24.5% | +4.3% | +30.3% |
| 2021 | +11.0% | +46.6% | +9.0% |
| 2020 | +43.3% | +19.7% | +46.7% |
| 2019 | -17.8% | -9.8% | +21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Heart Of Iowa School Tuition Organization Inc with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Heart Of Iowa School Tuition Organization Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $605K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly commendable for directing resources to its mission.
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.
Strengths
The following positive indicators were identified for Heart Of Iowa School Tuition Organization Inc:
- Zero officer compensation reported across all filings, indicating high efficiency.
- Consistently reports zero liabilities, demonstrating strong financial health and risk management.
- Significant growth in assets over the past decade, from $214,130 in 2014 to $2,142,396 in 2023.
- Clear alignment between organization name, NTEE code (B82 - Scholarship & Student Aid), and likely program focus.
- Strong balance sheet with substantial assets relative to annual expenses.
Frequently Asked Questions about Heart Of Iowa School Tuition Organization Inc
Is Heart Of Iowa School Tuition Organization Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heart Of Iowa School Tuition Organization Inc (EIN: 205286383) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Heart Of Iowa School Tuition Organization Inc spend its money?
Heart Of Iowa School Tuition Organization Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heart Of Iowa School Tuition Organization Inc tax-deductible?
Heart Of Iowa School Tuition Organization Inc is registered as a tax-exempt nonprofit (EIN: 205286383). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Heart Of Iowa School Tuition Organization Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Heart Of Iowa School Tuition Organization Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heart Of Iowa School Tuition Organization Inc located?
Heart Of Iowa School Tuition Organization Inc is headquartered in Urbandale, Iowa and files with the IRS under EIN 205286383. It is classified under NTEE code B82.
How many years of IRS 990 filings does Heart Of Iowa School Tuition Organization Inc have?
Heart Of Iowa School Tuition Organization 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 $1.7M in total revenue.
Is Heart Of Iowa School Tuition Organization Inc a good charity?
Based on the provided data, Heart Of Iowa School Tuition Organization Inc appears to be a very good charity. It consistently reports 0% officer compensation, zero liabilities, and maintains strong assets, indicating efficient use of funds and robust financial health.
How does Heart Of Iowa School Tuition Organization Inc manage its finances?
The organization manages its finances very conservatively and efficiently, consistently reporting zero liabilities and no officer compensation. Its assets have grown significantly over time, suggesting sound financial stewardship.
What is the trend in Heart Of Iowa School Tuition Organization Inc's revenue?
Revenue has fluctuated, reaching a peak of $2,822,143 in 2022 before decreasing to $1,989,092 in 2023. However, it has generally shown an upward trend over the long term, from $1,068,241 in 2014.
Filing History
IRS 990 filing history for Heart Of Iowa School Tuition Organization Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heart Of Iowa School Tuition Organization Inc's revenue has grown by 205.5%, moving from $651K to $2.0M. Total assets increased by 1887.2% over the same period, from $108K to $2.1M. Total functional expenses rose by 269.4%, from $702K to $2.6M. In its most recent filing year (2023), Heart Of Iowa School Tuition Organization Inc reported a deficit of $605K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.6M | $2.1M | $0 | — | — |
| 2022 | $2.8M | $2.2M | $2.7M | $0 | — | View 990 |
| 2021 | $2.3M | $2.1M | $2.1M | $0 | — | View 990 |
| 2020 | $2.0M | $1.4M | $1.9M | $0 | — | — |
| 2019 | $1.4M | $1.2M | $1.3M | $0 | — | View 990 |
| 2018 | $1.7M | $1.3M | $1.1M | $0 | — | View 990 |
| 2017 | $1.3M | $1.2M | $672K | $0 | — | — |
| 2016 | $1.2M | $1.1M | $581K | $0 | — | View 990 |
| 2015 | $1.2M | $969K | $450K | $0 | — | View 990 |
| 2014 | $1.1M | $916K | $214K | $0 | — | View 990 |
| 2013 | $789K | $1.1M | $62K | $0 | — | View 990 |
| 2012 | $804K | $585K | $327K | $0 | — | View 990 |
| 2011 | $651K | $702K | $108K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.6M, and assets of $2.1M (revenue -29.5% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.2M, and assets of $2.7M (revenue +24.5% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.1M, and assets of $2.1M (revenue +11.0% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.4M, and assets of $1.9M (revenue +43.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.2M, and assets of $1.3M (revenue -17.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.3M, and assets of $1.1M (revenue +30.1% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $672K (revenue +11.1% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $581K (revenue -0.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $969K, and assets of $450K (revenue +12.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $916K, and assets of $214K (revenue +35.4% year-over-year).
- 2013: Revenue of $789K, expenses of $1.1M, and assets of $62K (revenue -1.9% year-over-year).
- 2012: Revenue of $804K, expenses of $585K, and assets of $327K (revenue +23.5% year-over-year).
- 2011: Revenue of $651K, expenses of $702K, and assets of $108K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heart Of Iowa School Tuition Organization Inc:
Data Sources and Methodology
This transparency report for Heart Of Iowa School Tuition Organization 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.