Ialethia Worldwide Inc
Ialethia Worldwide Inc. ceased operations after years of deficit spending, reporting $0 revenue and assets in its latest filing.
EIN: 204457751 · Bentonville, AR · Updated: 2026-03-28
Is Ialethia Worldwide Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ialethia Worldwide Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ialethia Worldwide Inc
Ialethia Worldwide Inc (EIN: 204457751) is a nonprofit organization based in Bentonville, AR. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ialethia Worldwide Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ialethia Worldwide Inc is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -12.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $51K |
| Surplus / Deficit | $-7,062 |
| Total Assets | $31K |
| Net Assets | $31K |
| Operating Margin | -16.0% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2015, Ialethia Worldwide Inc reported a deficit of $7K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2015), Ialethia Worldwide Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +8.2% | -21.0% | -25.0% |
| 2014 | -21.9% | -0.6% | -37.1% |
| 2013 | -18.0% | -12.7% | -16.6% |
| 2012 | -13.9% | -44.9% | -12.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ialethia Worldwide Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Ialethia Worldwide Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reported 0% officer compensation across all available filings, indicating that its leadership was likely unpaid or compensated through non-officer roles, which is typical for very small, volunteer-driven nonprofits.
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 Ialethia Worldwide Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in all reported periods)
- Significant decline in assets over time (from $88,298 in 2011 to $0 currently)
- Current status shows $0 revenue and assets, indicating cessation of operations
Strengths
The following positive indicators were identified for Ialethia Worldwide Inc:
- No reported officer compensation, suggesting volunteer leadership or very low administrative overhead for executive roles
- Low liabilities throughout its active period (e.g., $0 in 2015)
Frequently Asked Questions about Ialethia Worldwide Inc
Is Ialethia Worldwide Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ialethia Worldwide Inc (EIN: 204457751) significant concerns. Mission Score: 40/100. 3 red flags identified, 2 strengths noted.
How does Ialethia Worldwide Inc spend its money?
Ialethia Worldwide Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ialethia Worldwide Inc tax-deductible?
Ialethia Worldwide Inc is registered as a tax-exempt nonprofit (EIN: 204457751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the organization to cease operations?
The consistent trend of expenses exceeding revenue, as seen in every filing period (e.g., $51,078 expenses vs. $44,016 revenue in 2015), likely led to the depletion of assets and eventual cessation of operations.
Was the organization effective during its active years despite financial challenges?
While the financial data shows consistent deficits, the effectiveness of its programs cannot be fully determined from the provided financial data alone. However, the inability to sustain operations suggests challenges in achieving long-term impact.
Filing History
IRS 990 filing history for Ialethia Worldwide Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Ialethia Worldwide Inc's revenue has declined by 40.4%, moving from $74K to $44K. Total assets decreased by 65.4% over the same period, from $88K to $31K. Total functional expenses fell by 62.2%, from $135K to $51K. In its most recent filing year (2015), Ialethia Worldwide Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $44K | $51K | $31K | $0 | — | View 990 |
| 2014 | $41K | $65K | $41K | $698 | — | View 990 |
| 2013 | $52K | $65K | $65K | $780 | — | View 990 |
| 2012 | $64K | $74K | $78K | $722 | — | View 990 |
| 2011 | $74K | $135K | $88K | $393 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $44K, expenses of $51K, and assets of $31K (revenue +8.2% year-over-year).
- 2014: Revenue of $41K, expenses of $65K, and assets of $41K (revenue -21.9% year-over-year).
- 2013: Revenue of $52K, expenses of $65K, and assets of $65K (revenue -18.0% year-over-year).
- 2012: Revenue of $64K, expenses of $74K, and assets of $78K (revenue -13.9% year-over-year).
- 2011: Revenue of $74K, expenses of $135K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ialethia Worldwide Inc:
Data Sources and Methodology
This transparency report for Ialethia Worldwide 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.