Iowa Asian Alliance Foundation
Iowa Asian Alliance Foundation shows consistent revenue growth and no reported officer compensation over 13 years.
EIN: 200557881 · Wdm, IA · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $476K |
| Total Expenses | $439K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $345K |
| Transparency Score | 90/100 |
Is Iowa Asian Alliance Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iowa Asian Alliance Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iowa Asian Alliance Foundation
Iowa Asian Alliance Foundation (EIN: 200557881) is a nonprofit organization based in Wdm, IA, classified under NTEE code B11. The organization reported total revenue of $476K and total assets of $434K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Asian Alliance Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Asian Alliance Foundation is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $439K |
| Total Expenses | $439K |
| Surplus / Deficit | +$313 |
| Total Assets | $370K |
| Total Liabilities | $25K |
| Net Assets | $345K |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 6.8% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, Iowa Asian Alliance Foundation reported a surplus of $313 with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iowa Asian Alliance Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | +19.3% | -3.8% |
| 2022 | +36.3% | +29.0% | +51.4% |
| 2021 | +230.0% | +124.0% | +48.0% |
| 2020 | -71.4% | -64.1% | -6.2% |
| 2019 | +7.7% | +2.5% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Iowa Asian Alliance Foundation with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Iowa Asian Alliance Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $313, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size with revenues approaching $500,000.
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 Iowa Asian Alliance Foundation's IRS 990 filings:
- Unusually low liabilities relative to assets in some years, which could indicate conservative financial management or specific funding structures.
- The consistent 0% officer compensation, while positive, is unusual for an organization of this revenue size and might warrant further inquiry into how leadership is supported or structured.
Strengths
The following positive indicators were identified for Iowa Asian Alliance Foundation:
- Consistent revenue growth, with revenue increasing from $111,076 in 2020 to $438,987 in 2023.
- Healthy asset accumulation, growing from $171,623 in 2020 to $369,982 in 2023.
- No reported officer compensation across all 13 filings, suggesting efficient use of funds for mission-related activities.
- Long history of IRS 990 filings (13 periods), indicating strong transparency and compliance.
- Positive net income in most recent years (e.g., $313 in 2023, $132,129 in 2022), contributing to asset growth.
Frequently Asked Questions about Iowa Asian Alliance Foundation
Is Iowa Asian Alliance Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Iowa Asian Alliance Foundation (EIN: 200557881) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Iowa Asian Alliance Foundation spend its money?
Iowa Asian Alliance Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Iowa Asian Alliance Foundation tax-deductible?
Iowa Asian Alliance Foundation is registered as a tax-exempt nonprofit (EIN: 200557881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Iowa Asian Alliance Foundation CEO make?
Iowa Asian Alliance Foundation's highest-compensated officer earns $500,000. annually. The organization reported $476K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Iowa Asian Alliance Foundation's spending goes to programs?
Iowa Asian Alliance Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iowa Asian Alliance Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Iowa Asian Alliance Foundation is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iowa Asian Alliance Foundation located?
Iowa Asian Alliance Foundation is headquartered in Wdm, Iowa and files with the IRS under EIN 200557881. It is classified under NTEE code B11.
How many years of IRS 990 filings does Iowa Asian Alliance Foundation have?
Iowa Asian Alliance Foundation has 13 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 $476K in total revenue.
Is Iowa Asian Alliance Foundation a good charity?
Based on the provided data, the Iowa Asian Alliance Foundation appears to be a good charity. It demonstrates consistent revenue growth, healthy asset accumulation, and a strong commitment to its mission, as evidenced by its financial stability and the absence of reported officer compensation.
How has the organization's financial health changed over time?
The organization has shown significant financial growth and resilience. Revenue increased from $111,076 in 2020 to $438,987 in 2023, and assets grew from $171,623 in 2020 to $369,982 in 2023, indicating a positive trend in financial health.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's top leadership is either entirely volunteer-based or compensated through non-officer roles, which can lead to lower administrative overhead and more funds being directed towards programs.
Filing History
IRS 990 filing history for Iowa Asian Alliance Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iowa Asian Alliance Foundation's revenue has grown by 154%, moving from $173K to $439K. Total assets increased by 2684.3% over the same period, from $13K to $370K. Total functional expenses rose by 112.9%, from $206K to $439K. In its most recent filing year (2023), Iowa Asian Alliance Foundation reported a surplus of $313, with revenue exceeding expenses. The organization holds $25K in liabilities against $370K in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $345K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $439K | $439K | $370K | $25K | — | — |
| 2022 | $500K | $368K | $385K | $39K | — | View 990 |
| 2021 | $367K | $285K | $254K | $40K | — | View 990 |
| 2020 | $111K | $127K | $172K | $40K | — | — |
| 2019 | $388K | $354K | $183K | $35K | — | View 990 |
| 2018 | $360K | $346K | $200K | $87K | — | View 990 |
| 2017 | $345K | $327K | $116K | $18K | — | View 990 |
| 2016 | $331K | $306K | $99K | $19K | — | View 990 |
| 2015 | $302K | $290K | $67K | $12K | — | View 990 |
| 2014 | $259K | $246K | $58K | $15K | — | View 990 |
| 2013 | $178K | $188K | $40K | $10K | — | View 990 |
| 2012 | $214K | $184K | $42K | $3K | — | View 990 |
| 2011 | $173K | $206K | $13K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $439K, expenses of $439K, and assets of $370K (revenue -12.2% year-over-year).
- 2022: Revenue of $500K, expenses of $368K, and assets of $385K (revenue +36.3% year-over-year).
- 2021: Revenue of $367K, expenses of $285K, and assets of $254K (revenue +230.0% year-over-year).
- 2020: Revenue of $111K, expenses of $127K, and assets of $172K (revenue -71.4% year-over-year).
- 2019: Revenue of $388K, expenses of $354K, and assets of $183K (revenue +7.7% year-over-year).
- 2018: Revenue of $360K, expenses of $346K, and assets of $200K (revenue +4.4% year-over-year).
- 2017: Revenue of $345K, expenses of $327K, and assets of $116K (revenue +4.1% year-over-year).
- 2016: Revenue of $331K, expenses of $306K, and assets of $99K (revenue +9.8% year-over-year).
- 2015: Revenue of $302K, expenses of $290K, and assets of $67K (revenue +16.7% year-over-year).
- 2014: Revenue of $259K, expenses of $246K, and assets of $58K (revenue +45.1% year-over-year).
- 2013: Revenue of $178K, expenses of $188K, and assets of $40K (revenue -16.8% year-over-year).
- 2012: Revenue of $214K, expenses of $184K, and assets of $42K (revenue +23.9% year-over-year).
- 2011: Revenue of $173K, expenses of $206K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Asian Alliance Foundation:
Data Sources and Methodology
This transparency report for Iowa Asian Alliance Foundation 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.