Ikebana Iwaya Fund
Ikebana Iwaya Fund consistently maintains low expenses and zero officer compensation, building substantial assets.
EIN: 20748378 · Wilmington, DE · NTEE: S03 · Updated: 2026-03-28
Is Ikebana Iwaya Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ikebana Iwaya Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ikebana Iwaya Fund
Ikebana Iwaya Fund (EIN: 20748378) is a nonprofit organization based in Wilmington, DE, classified under NTEE code S03. The organization reported total revenue of $74K and total assets of $427K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ikebana Iwaya Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ikebana Iwaya Fund is a micro 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 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $24K |
| Surplus / Deficit | +$63K |
| Total Assets | $346K |
| Net Assets | $346K |
| Operating Margin | 72.6% |
| Months of Reserves | 173.9 months |
Financial Health Grade: A
In 2023, Ikebana Iwaya Fund reported a surplus of $63K with revenue exceeding expenses, holds 173.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Ikebana Iwaya Fund's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.1% | -12.5% | +32.1% |
| 2022 | -9.3% | -21.8% | +2.4% |
| 2021 | +78.8% | +65.7% | +54.3% |
| 2020 | -63.1% | -52.3% | -5.5% |
| 2019 | +131.8% | +147.4% | +69.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Ikebana Iwaya Fund 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, Ikebana Iwaya Fund 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 $63K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization of its size, with assets reaching $346,000 in 2023, and suggests a volunteer-driven leadership model.
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 Ikebana Iwaya Fund's IRS 990 filings:
- Lack of detailed expense breakdown in provided data (assumed high program spending based on overall low expenses and 0% officer comp)
Strengths
The following positive indicators were identified for Ikebana Iwaya Fund:
- Strong program spending (implied by low overall expenses and 0% officer compensation)
- Excellent financial health with growing assets and no liabilities
- High spending efficiency (e.g., 2023 expenses were only $23,881 against $87,132 revenue)
- Exceptional transparency with 0% officer compensation reported consistently
- Consistent financial surpluses contributing to asset growth
Frequently Asked Questions about Ikebana Iwaya Fund
Is Ikebana Iwaya Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Ikebana Iwaya Fund (EIN: 20748378) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Ikebana Iwaya Fund spend its money?
Ikebana Iwaya Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ikebana Iwaya Fund tax-deductible?
Ikebana Iwaya Fund is registered as a tax-exempt nonprofit (EIN: 20748378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ikebana Iwaya Fund a good charity?
Based on its financial data, Ikebana Iwaya Fund appears to be a very good charity. It demonstrates excellent financial health with growing assets and no liabilities, very high spending efficiency with low expenses relative to revenue, and exceptional transparency by reporting 0% officer compensation across all filings, indicating a strong focus on 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 substantially from $32,622 in 2014 to $346,000 in 2023. Revenue has also shown a general upward trend, and expenses have remained well below revenue, leading to consistent surpluses and asset growth.
What is the organization's approach to executive compensation?
The Ikebana Iwaya Fund reports 0% officer compensation in all available filings, indicating that its leadership is entirely volunteer-based or compensated through other means not reported as officer compensation. This is a strong indicator of a commitment to directing funds towards programmatic activities.
How efficient is Ikebana Iwaya Fund in its spending?
The organization is highly efficient in its spending. For example, in 2023, with revenue of $87,132 and expenses of only $23,881, a large portion of its income was retained or directed towards its mission. The consistent low expense ratios relative to revenue across multiple years demonstrate strong financial stewardship.
Filing History
IRS 990 filing history for Ikebana Iwaya Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ikebana Iwaya Fund's revenue has grown by 257.1%, moving from $24K to $87K. Total assets increased by 4615.2% over the same period, from $7K to $346K. Total functional expenses fell by 32%, from $35K to $24K. In its most recent filing year (2023), Ikebana Iwaya Fund reported a surplus of $63K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87K | $24K | $346K | $0 | — | View 990 |
| 2022 | $63K | $27K | $262K | $0 | — | View 990 |
| 2021 | $69K | $35K | $256K | $0 | — | — |
| 2020 | $39K | $21K | $166K | $0 | — | View 990 |
| 2019 | $105K | $44K | $175K | $0 | — | View 990 |
| 2018 | $45K | $18K | $103K | $0 | — | View 990 |
| 2017 | $22K | $11K | $88K | $0 | — | View 990 |
| 2016 | $19K | $4K | $78K | $0 | — | View 990 |
| 2015 | $55K | $7K | $61K | $0 | — | View 990 |
| 2014 | $39K | $5K | $33K | $0 | — | View 990 |
| 2013 | $1K | $591 | $10K | $0 | — | View 990 |
| 2012 | $4K | $3K | $9K | $0 | — | View 990 |
| 2011 | $24K | $35K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $87K, expenses of $24K, and assets of $346K (revenue +39.1% year-over-year).
- 2022: Revenue of $63K, expenses of $27K, and assets of $262K (revenue -9.3% year-over-year).
- 2021: Revenue of $69K, expenses of $35K, and assets of $256K (revenue +78.8% year-over-year).
- 2020: Revenue of $39K, expenses of $21K, and assets of $166K (revenue -63.1% year-over-year).
- 2019: Revenue of $105K, expenses of $44K, and assets of $175K (revenue +131.8% year-over-year).
- 2018: Revenue of $45K, expenses of $18K, and assets of $103K (revenue +105.7% year-over-year).
- 2017: Revenue of $22K, expenses of $11K, and assets of $88K (revenue +18.3% year-over-year).
- 2016: Revenue of $19K, expenses of $4K, and assets of $78K (revenue -66.4% year-over-year).
- 2015: Revenue of $55K, expenses of $7K, and assets of $61K (revenue +40.0% year-over-year).
- 2014: Revenue of $39K, expenses of $5K, and assets of $33K (revenue +3115.4% year-over-year).
- 2013: Revenue of $1K, expenses of $591, and assets of $10K (revenue -72.7% year-over-year).
- 2012: Revenue of $4K, expenses of $3K, and assets of $9K (revenue -81.6% year-over-year).
- 2011: Revenue of $24K, expenses of $35K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ikebana Iwaya Fund:
Data Sources and Methodology
This transparency report for Ikebana Iwaya Fund 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.