Iowa Area Development Group L C
EIN: 421432150 · Des Moines, IA
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Net Assets | $1.4M |
Is Iowa Area Development Group L C Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iowa Area Development Group L C
Iowa Area Development Group L C (EIN: 421432150) is a nonprofit organization based in Des Moines, IA. The organization reported total revenue of $1.8M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Area Development Group L C's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Area Development Group L C is a mid-size nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 30.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$414K |
| Total Assets | $3.0M |
| Total Liabilities | $1.6M |
| Net Assets | $1.4M |
| Operating Margin | 17.7% |
| Debt-to-Asset Ratio | 52.6% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, Iowa Area Development Group L C reported a surplus of $414K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 52.6% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Iowa Area Development Group L C's revenue has grown at a compound annual growth rate (CAGR) of 30.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | +2.5% | +13.3% |
| 2022 | +66.5% | +29.5% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iowa Area Development Group L C has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Iowa Area Development Group L C with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $414K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.6%.
Frequently Asked Questions about Iowa Area Development Group L C
Is Iowa Area Development Group L C a legitimate charity?
Iowa Area Development Group L C (EIN: 421432150) is a registered tax-exempt nonprofit based in Iowa. It has 3 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: A.
How does Iowa Area Development Group L C spend its money?
Iowa Area Development Group L C reported $1.8M in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Iowa Area Development Group L C tax-deductible?
Iowa Area Development Group L C is registered as a tax-exempt nonprofit (EIN: 421432150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iowa Area Development Group L C located?
Iowa Area Development Group L C is headquartered in Des Moines, Iowa and files with the IRS under EIN 421432150.
How many years of IRS 990 filings does Iowa Area Development Group L C have?
Iowa Area Development Group L C has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.8M in total revenue.
Filing History
IRS 990 filing history for Iowa Area Development Group L C showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Iowa Area Development Group L C's revenue has grown by 69%, moving from $1.4M to $2.3M. Total assets increased by 13% over the same period, from $2.6M to $3.0M. Total functional expenses rose by 32.7%, from $1.5M to $1.9M. In its most recent filing year (2023), Iowa Area Development Group L C reported a surplus of $414K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $3.0M in assets (debt-to-asset ratio: 52.6%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.9M | $3.0M | $1.6M | — | View 990 |
| 2022 | $2.3M | $1.9M | $2.6M | $1.6M | — | — |
| 2021 | $1.4M | $1.5M | $2.6M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.9M, and assets of $3.0M (revenue +1.5% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.9M, and assets of $2.6M (revenue +66.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.5M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Area Development Group L C:
Data Sources and Methodology
This transparency report for Iowa Area Development Group L C 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.