Iaff Local 1605 Foundation Inc
Iaff Local 1605 Foundation Inc consistently directs funds to mission with no reported officer compensation.
EIN: 203698085 · Funkstown, MD · NTEE: M192 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $113K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 92/100 |
Is Iaff Local 1605 Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iaff Local 1605 Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iaff Local 1605 Foundation Inc
Iaff Local 1605 Foundation Inc (EIN: 203698085) is a nonprofit organization based in Funkstown, MD, classified under NTEE code M192. The organization reported total revenue of $2.5M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iaff Local 1605 Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iaff Local 1605 Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $496K |
| Total Expenses | $113K |
| Surplus / Deficit | +$383K |
| Total Assets | $1.9M |
| Total Liabilities | $845K |
| Net Assets | $1.1M |
| Operating Margin | 77.2% |
| Debt-to-Asset Ratio | 43.4% |
| Months of Reserves | 206.8 months |
Financial Health Grade: A
In 2023, Iaff Local 1605 Foundation Inc reported a surplus of $383K with revenue exceeding expenses, holds 206.8 months of operating reserves (strong position), has a debt-to-asset ratio of 43.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iaff Local 1605 Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +281.4% | +14.0% | +24.2% |
| 2022 | -61.9% | +141.4% | +17.7% |
| 2021 | +87121.5% | -27.3% | -3.7% |
| 2020 | -99.8% | -72.6% | +212.6% |
| 2019 | -27.2% | -2.2% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Iaff Local 1605 Foundation 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: 90%
- fundraising: 5%
According to IRS 990 filings, Iaff Local 1605 Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $383K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size.
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 Iaff Local 1605 Foundation Inc's IRS 990 filings:
- Fluctuating annual revenue, making consistent year-over-year comparisons challenging without further context.
Strengths
The following positive indicators were identified for Iaff Local 1605 Foundation Inc:
- Consistent absence of reported officer compensation across all filings.
- Strong asset growth from $79,478 in 2014 to $1,944,554 in 2023.
- High program efficiency with expenses significantly lower than revenue in recent periods (e.g., 2023 expenses $112,854 vs. revenue $495,611).
- Assets consistently exceed liabilities, indicating sound financial stability.
- Low administrative overhead suggested by expense-to-revenue ratios and zero officer compensation.
Frequently Asked Questions about Iaff Local 1605 Foundation Inc
Is Iaff Local 1605 Foundation Inc a legitimate charity?
Iaff Local 1605 Foundation Inc (EIN: 203698085) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Iaff Local 1605 Foundation Inc spend its money?
Iaff Local 1605 Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Iaff Local 1605 Foundation Inc tax-deductible?
Iaff Local 1605 Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203698085). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Iaff Local 1605 Foundation Inc's spending goes to programs?
Iaff Local 1605 Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iaff Local 1605 Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Iaff Local 1605 Foundation Inc is above average for NTEE category M192 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iaff Local 1605 Foundation Inc located?
Iaff Local 1605 Foundation Inc is headquartered in Funkstown, Maryland and files with the IRS under EIN 203698085. It is classified under NTEE code M192.
How many years of IRS 990 filings does Iaff Local 1605 Foundation Inc have?
Iaff Local 1605 Foundation 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 $2.5M in total revenue.
Is Iaff Local 1605 Foundation Inc a good charity?
Based on the available IRS 990 data, Iaff Local 1605 Foundation Inc appears to be a good charity. It demonstrates strong financial health with growing assets, very low expenses relative to revenue in recent years (e.g., 2023 revenue $495,611 vs. expenses $112,854), and a complete absence of reported officer compensation, suggesting a high dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $79,478 in 2014 to $1,944,554 in 2023, and while revenue fluctuates, expenses have generally remained well below revenue, particularly in recent years, indicating effective financial management and resource accumulation.
What is the organization's spending efficiency?
The organization exhibits high spending efficiency. For instance, in 2023, expenses were only $112,854 against a revenue of $495,611, meaning a large portion of its income is either saved or directly applied to its programs. The absence of officer compensation further boosts its efficiency by reducing administrative overhead.
Does the organization have any significant liabilities?
While the organization has reported liabilities, such as $844,879 in 2023, its assets consistently and significantly exceed these liabilities (e.g., $1,944,554 assets in 2023), indicating a strong financial position and no immediate concern regarding its debt.
Filing History
IRS 990 filing history for Iaff Local 1605 Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iaff Local 1605 Foundation Inc's revenue has grown by 168.7%, moving from $184K to $496K. Total assets increased by 2095% over the same period, from $89K to $1.9M. Total functional expenses fell by 35.4%, from $175K to $113K. In its most recent filing year (2023), Iaff Local 1605 Foundation Inc reported a surplus of $383K, with revenue exceeding expenses. The organization holds $845K in liabilities against $1.9M in assets (debt-to-asset ratio: 43.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $496K | $113K | $1.9M | $845K | — | — |
| 2022 | $130K | $99K | $1.6M | $849K | — | View 990 |
| 2021 | $341K | $41K | $1.3M | $645K | — | View 990 |
| 2020 | $391 | $56K | $1.4M | $996K | — | View 990 |
| 2019 | $197K | $206K | $442K | $0 | — | View 990 |
| 2018 | $271K | $210K | $450K | $0 | — | View 990 |
| 2017 | $298K | $186K | $390K | $0 | — | View 990 |
| 2016 | $250K | $201K | $279K | $0 | — | View 990 |
| 2015 | $327K | $177K | $230K | $0 | — | View 990 |
| 2014 | $147K | $164K | $79K | $0 | — | View 990 |
| 2013 | $129K | $161K | $97K | $0 | — | View 990 |
| 2012 | $217K | $178K | $128K | $0 | — | View 990 |
| 2011 | $184K | $175K | $89K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $496K, expenses of $113K, and assets of $1.9M (revenue +281.4% year-over-year).
- 2022: Revenue of $130K, expenses of $99K, and assets of $1.6M (revenue -61.9% year-over-year).
- 2021: Revenue of $341K, expenses of $41K, and assets of $1.3M (revenue +87121.5% year-over-year).
- 2020: Revenue of $391, expenses of $56K, and assets of $1.4M (revenue -99.8% year-over-year).
- 2019: Revenue of $197K, expenses of $206K, and assets of $442K (revenue -27.2% year-over-year).
- 2018: Revenue of $271K, expenses of $210K, and assets of $450K (revenue -9.1% year-over-year).
- 2017: Revenue of $298K, expenses of $186K, and assets of $390K (revenue +19.2% year-over-year).
- 2016: Revenue of $250K, expenses of $201K, and assets of $279K (revenue -23.7% year-over-year).
- 2015: Revenue of $327K, expenses of $177K, and assets of $230K (revenue +122.3% year-over-year).
- 2014: Revenue of $147K, expenses of $164K, and assets of $79K (revenue +13.9% year-over-year).
- 2013: Revenue of $129K, expenses of $161K, and assets of $97K (revenue -40.5% year-over-year).
- 2012: Revenue of $217K, expenses of $178K, and assets of $128K (revenue +17.8% year-over-year).
- 2011: Revenue of $184K, expenses of $175K, and assets of $89K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iaff Local 1605 Foundation Inc:
Data Sources and Methodology
This transparency report for Iaff Local 1605 Foundation 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.