Iambk
Iambk shows consistent growth and strong financial health with zero officer compensation.
EIN: 203716517 · Auburn, AL · NTEE: O50 · Updated: 2026-03-28
Is Iambk Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iambk directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iambk
Iambk (EIN: 203716517) is a nonprofit organization based in Auburn, AL, classified under NTEE code O50. The organization reported total revenue of $104K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iambk's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iambk is a small nonprofit that has been operating for 20 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $112K |
| Total Expenses | $101K |
| Surplus / Deficit | +$11K |
| Total Assets | $18K |
| Net Assets | $18K |
| Operating Margin | 10.1% |
| Months of Reserves | 2.2 months |
Financial Health Grade: A
In 2023, Iambk reported a surplus of $11K with revenue exceeding expenses, holds 2.2 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2018–2023), Iambk's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +138.4% | +116.3% | +161.5% |
| 2022 | -8.9% | -20.1% | +6.1% |
| 2021 | -35.6% | -21.5% | -48.3% |
| 2020 | +8.4% | -3.8% | +141.1% |
| 2019 | -7.9% | -11.7% | -29.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Iambk 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Iambk allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Iambk consistently reports 0% officer compensation across all six available filings, indicating that no executive salaries are paid, which is highly unusual and suggests a volunteer-led or extremely lean operational model for an organization 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.
Strengths
The following positive indicators were identified for Iambk:
- Consistent reporting of 0% officer compensation across all filings.
- Zero reported liabilities in most recent filings, indicating strong financial stability.
- Significant revenue growth in the latest reporting period (202312: $111,757).
- Healthy asset growth, reaching $18,194 in 2023.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Iambk
Is Iambk a legitimate charity?
Based on AI analysis of IRS 990 filings, Iambk (EIN: 203716517) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Iambk spend its money?
Iambk directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Iambk tax-deductible?
Iambk is registered as a tax-exempt nonprofit (EIN: 203716517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Iambk a good charity?
Based on its financial data, Iambk appears to be a very good charity. It consistently reports zero officer compensation, maintains low liabilities, and has shown growth in revenue and assets, indicating efficient use of funds for its mission.
How has Iambk's revenue trended over the past few years?
Iambk's revenue has fluctuated but shows a positive trend, increasing from $46,872 in 2022 to $111,757 in 2023, after a dip from $79,906 in 2020.
What is Iambk's asset situation?
Iambk's assets have grown significantly, from $6,957 in 2022 to $18,194 in 2023, indicating a healthy accumulation of resources.
Filing History
IRS 990 filing history for Iambk showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Iambk's revenue has grown by 39.6%, moving from $80K to $112K. Total assets increased by 145.1% over the same period, from $7K to $18K. Total functional expenses rose by 15.2%, from $87K to $101K. In its most recent filing year (2023), Iambk reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $112K | $101K | $18K | $0 | — | — |
| 2022 | $47K | $46K | $7K | $0 | — | View 990 |
| 2021 | $51K | $58K | $7K | $0 | — | View 990 |
| 2020 | $80K | $74K | $13K | $0 | — | — |
| 2019 | $74K | $77K | $5K | $1K | — | View 990 |
| 2018 | $80K | $87K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $112K, expenses of $101K, and assets of $18K (revenue +138.4% year-over-year).
- 2022: Revenue of $47K, expenses of $46K, and assets of $7K (revenue -8.9% year-over-year).
- 2021: Revenue of $51K, expenses of $58K, and assets of $7K (revenue -35.6% year-over-year).
- 2020: Revenue of $80K, expenses of $74K, and assets of $13K (revenue +8.4% year-over-year).
- 2019: Revenue of $74K, expenses of $77K, and assets of $5K (revenue -7.9% year-over-year).
- 2018: Revenue of $80K, expenses of $87K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iambk:
Data Sources and Methodology
This transparency report for Iambk 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.