Iar Plaza Inc
Iar Plaza Inc consistently spends more than it earns, drawing down assets while maintaining stable liabilities.
EIN: 203844292 · Springfield, IL · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $570K |
| Total Expenses | $628K |
| Program Spending | 75% |
| Net Assets | $600K |
| Transparency Score | 70/100 |
Is Iar Plaza Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iar Plaza Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iar Plaza Inc
Iar Plaza Inc (EIN: 203844292) is a nonprofit organization based in Springfield, IL, classified under NTEE code S47. The organization reported total revenue of $570K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iar Plaza Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iar Plaza Inc is a small nonprofit that has been operating for 12 years, with 15 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $534K |
| Total Expenses | $628K |
| Surplus / Deficit | $-93,961 |
| Total Assets | $6.2M |
| Total Liabilities | $5.6M |
| Net Assets | $600K |
| Operating Margin | -17.6% |
| Debt-to-Asset Ratio | 90.3% |
| Months of Reserves | 118.1 months |
Financial Health Grade: C
In 2023, Iar Plaza Inc reported a deficit of $94K with expenses exceeding revenue, holds 118.1 months of operating reserves (strong position), has a debt-to-asset ratio of 90.3% (high leverage).
Financial Trends
Over 15 years of filings (2008–2023), Iar Plaza Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | -1.1% | -1.5% |
| 2022 | +0.1% | -6.3% | -1.6% |
| 2021 | +0.5% | +14.3% | -2.0% |
| 2020 | -0.3% | -7.8% | -1.5% |
| 2019 | -30.8% | +11.5% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Iar Plaza Inc with a Mission Score of 70 out of 100 (Good). 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, Iar Plaza 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $94K, with expenses exceeding revenue.
- Debt-to-asset ratio: 90.3%.
Executive Compensation Analysis
Iar Plaza Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is a strong positive for minimizing overhead related to executive pay.
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 Iar Plaza Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in multiple recent periods (e.g., 2023, 2022, 2021).
- Gradual decline in total assets from $6,730,364 in 2018 to $6,178,787 in 2023, indicating reliance on reserves.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full spending efficiency analysis.
Strengths
The following positive indicators were identified for Iar Plaza Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds regarding executive pay.
- Substantial asset base of over $6 million, providing financial stability despite operational deficits.
- Long filing history (15 filings) demonstrates consistent compliance and transparency in financial reporting.
Frequently Asked Questions about Iar Plaza Inc
Is Iar Plaza Inc a legitimate charity?
Iar Plaza Inc (EIN: 203844292) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 70/100. It has 15 years of IRS 990 filings on record. Total revenue: $570K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Iar Plaza Inc spend its money?
Iar Plaza Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Iar Plaza Inc tax-deductible?
Iar Plaza Inc is registered as a tax-exempt nonprofit (EIN: 203844292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Iar Plaza Inc's spending goes to programs?
Iar Plaza Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iar Plaza Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Iar Plaza Inc is above average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iar Plaza Inc located?
Iar Plaza Inc is headquartered in Springfield, Illinois and files with the IRS under EIN 203844292. It is classified under NTEE code S47.
How many years of IRS 990 filings does Iar Plaza Inc have?
Iar Plaza Inc has 15 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 $570K in total revenue.
What is the detailed breakdown of Iar Plaza Inc's expenses into program, administrative, and fundraising categories?
The provided IRS 990 data does not offer a detailed breakdown of expenses, making it difficult to precisely determine the allocation to programs, administration, and fundraising. This information is crucial for a comprehensive assessment of spending efficiency.
How does Iar Plaza Inc plan to address its consistent operational deficits, where expenses frequently exceed revenue?
In recent years, Iar Plaza Inc has consistently reported expenses exceeding revenue (e.g., $627,824 expenses vs. $533,863 revenue in 2023). The filings do not detail specific strategies to mitigate these deficits, which could lead to further asset depletion.
What is the specific mission and programs Iar Plaza Inc undertakes, given its NTEE code S47?
The NTEE code S47 indicates 'Religious Organization - Other,' but the filings do not provide specific details on the programs or services offered by Iar Plaza Inc. Understanding these programs would help evaluate the impact of their spending.
Filing History
IRS 990 filing history for Iar Plaza Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2008–2023), Iar Plaza Inc's revenue has declined by 27.4%, moving from $735K to $534K. Total assets decreased by 8.8% over the same period, from $6.8M to $6.2M. Total functional expenses rose by 7.7%, from $583K to $628K. In its most recent filing year (2023), Iar Plaza Inc reported a deficit of $94K, with expenses exceeding revenue. The organization holds $5.6M in liabilities against $6.2M in assets (debt-to-asset ratio: 90.3%), resulting in net assets of $600K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $534K | $628K | $6.2M | $5.6M | — | — |
| 2022 | $526K | $635K | $6.3M | $5.6M | — | View 990 |
| 2021 | $526K | $678K | $6.4M | $5.6M | — | View 990 |
| 2020 | $523K | $593K | $6.5M | $5.6M | — | — |
| 2019 | $525K | $643K | $6.6M | $5.6M | — | View 990 |
| 2018 | $758K | $577K | $6.7M | $5.6M | — | View 990 |
| 2017 | $344K | $626K | $6.0M | $5.0M | — | View 990 |
| 2016 | $431K | $466K | $6.1M | $4.9M | — | View 990 |
| 2015 | $434K | $493K | $6.1M | $4.9M | — | View 990 |
| 2014 | $444K | $465K | $6.2M | $4.9M | — | View 990 |
| 2013 | $732K | $429K | $6.2M | $4.9M | — | — |
| 2012 | $731K | $500K | $6.3M | $5.3M | — | View 990 |
| 2010 | $740K | $527K | $6.4M | $5.8M | — | View 990 |
| 2009 | $733K | $555K | $6.7M | $6.3M | — | View 990 |
| 2008 | $735K | $583K | $6.8M | $6.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $534K, expenses of $628K, and assets of $6.2M (revenue +1.4% year-over-year).
- 2022: Revenue of $526K, expenses of $635K, and assets of $6.3M (revenue +0.1% year-over-year).
- 2021: Revenue of $526K, expenses of $678K, and assets of $6.4M (revenue +0.5% year-over-year).
- 2020: Revenue of $523K, expenses of $593K, and assets of $6.5M (revenue -0.3% year-over-year).
- 2019: Revenue of $525K, expenses of $643K, and assets of $6.6M (revenue -30.8% year-over-year).
- 2018: Revenue of $758K, expenses of $577K, and assets of $6.7M (revenue +120.4% year-over-year).
- 2017: Revenue of $344K, expenses of $626K, and assets of $6.0M (revenue -20.2% year-over-year).
- 2016: Revenue of $431K, expenses of $466K, and assets of $6.1M (revenue -0.8% year-over-year).
- 2015: Revenue of $434K, expenses of $493K, and assets of $6.1M (revenue -2.3% year-over-year).
- 2014: Revenue of $444K, expenses of $465K, and assets of $6.2M (revenue -39.3% year-over-year).
- 2013: Revenue of $732K, expenses of $429K, and assets of $6.2M (revenue +0.2% year-over-year).
- 2012: Revenue of $731K, expenses of $500K, and assets of $6.3M (revenue -1.2% year-over-year).
- 2010: Revenue of $740K, expenses of $527K, and assets of $6.4M (revenue +0.9% year-over-year).
- 2009: Revenue of $733K, expenses of $555K, and assets of $6.7M (revenue -0.2% year-over-year).
- 2008: Revenue of $735K, expenses of $583K, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iar Plaza Inc:
Data Sources and Methodology
This transparency report for Iar Plaza 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.