Iowa Center For Economic Success
Iowa Center For Economic Success shows fluctuating financial performance with recent deficit, no reported officer compensation.
EIN: 201037604 · Des Moines, IA · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $714K |
| Transparency Score | 75/100 |
Is Iowa Center For Economic Success Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iowa Center For Economic Success directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iowa Center For Economic Success
Iowa Center For Economic Success (EIN: 201037604) is a nonprofit organization based in Des Moines, IA, classified under NTEE code S30. The organization reported total revenue of $1.4M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Center For Economic Success's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Center For Economic Success is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-186,090 |
| Total Assets | $1.3M |
| Total Liabilities | $610K |
| Net Assets | $714K |
| Operating Margin | -16.1% |
| Debt-to-Asset Ratio | 46.1% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2023, Iowa Center For Economic Success reported a deficit of $186K with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 46.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iowa Center For Economic Success's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.7% | +10.0% | +25.4% |
| 2022 | +15.3% | -8.1% | -0.2% |
| 2021 | -15.3% | +23.1% | -44.0% |
| 2020 | +51.2% | +11.7% | +281.1% |
| 2019 | +2.9% | +2.9% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Center For Economic Success with a Mission Score of 75 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: 80%
- fundraising: 5%
According to IRS 990 filings, Iowa Center For Economic Success allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $186K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is reported under other expense categories, which would warrant further investigation.
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 Center For Economic Success's IRS 990 filings:
- Expenses exceeded revenue in the latest fiscal period (202306), leading to a deficit of $186,090.
- Significant increase in liabilities from $156,821 in 202206 to $610,025 in 202306, warranting further investigation.
- Consistent 0% officer compensation reported, which could indicate a lack of transparency if executives are compensated through other means not clearly disclosed.
Strengths
The following positive indicators were identified for Iowa Center For Economic Success:
- Long history of IRS 990 filings (13 filings), indicating good transparency and compliance.
- Assets have shown significant growth over the past decade, from $276,353 in 201506 to $1,323,583 in 202306.
- Generally stable revenue generation, often exceeding or closely matching expenses in most periods.
- No reported officer compensation, which could indicate efficient use of funds by minimizing executive overhead.
Frequently Asked Questions about Iowa Center For Economic Success
Is Iowa Center For Economic Success a legitimate charity?
Based on AI analysis of IRS 990 filings, Iowa Center For Economic Success (EIN: 201037604) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Iowa Center For Economic Success spend its money?
Iowa Center For Economic Success directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Iowa Center For Economic Success tax-deductible?
Iowa Center For Economic Success is registered as a tax-exempt nonprofit (EIN: 201037604). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Iowa Center For Economic Success's spending goes to programs?
Iowa Center For Economic Success directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iowa Center For Economic Success compare to similar nonprofits?
With a transparency score of 75/100 (Good), Iowa Center For Economic Success is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iowa Center For Economic Success located?
Iowa Center For Economic Success is headquartered in Des Moines, Iowa and files with the IRS under EIN 201037604. It is classified under NTEE code S30.
How many years of IRS 990 filings does Iowa Center For Economic Success have?
Iowa Center For Economic Success 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 $1.4M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses for the latest fiscal year?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. This information would be found in Part IX of the full IRS Form 990.
Why did expenses exceed revenue in the 202306 fiscal period?
In the 202306 period, expenses were $1,340,376 while revenue was $1,154,286, resulting in a deficit. The specific reasons for this deficit are not detailed in the provided summary data but could be due to increased program activities, one-time expenditures, or a temporary dip in funding.
How are executive leaders compensated if 'Officer Comp' is consistently 0%?
The consistent reporting of 0% for 'Officer Comp' across all filings suggests that either the organization's officers are uncompensated volunteers, or their compensation is categorized under other expense lines (e.g., salaries and wages for non-officer roles if they also hold other positions), or they are compensated by a related entity. This requires further review of the full 990.
What caused the significant increase in liabilities from $156,821 in 202206 to $610,025 in 202306?
The provided data shows a substantial increase in liabilities in the 202306 period. The specific reasons for this increase are not detailed but could include new loans, deferred revenue, or increased accounts payable. A review of the full 990's balance sheet would clarify this.
Filing History
IRS 990 filing history for Iowa Center For Economic Success showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iowa Center For Economic Success's revenue has declined by 40.6%, moving from $1.9M to $1.2M. Total assets increased by 2.8% over the same period, from $1.3M to $1.3M. Total functional expenses fell by 32.7%, from $2.0M to $1.3M. In its most recent filing year (2023), Iowa Center For Economic Success reported a deficit of $186K, with expenses exceeding revenue. The organization holds $610K in liabilities against $1.3M in assets (debt-to-asset ratio: 46.1%), resulting in net assets of $714K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $1.3M | $610K | — | View 990 |
| 2022 | $1.5M | $1.2M | $1.1M | $157K | — | View 990 |
| 2021 | $1.3M | $1.3M | $1.1M | $392K | — | View 990 |
| 2020 | $1.5M | $1.1M | $1.9M | $1.1M | — | View 990 |
| 2019 | $986K | $964K | $495K | $120K | — | View 990 |
| 2018 | $958K | $937K | $466K | $113K | — | View 990 |
| 2017 | $1.1M | $978K | $396K | $65K | — | View 990 |
| 2016 | $1.0M | $908K | $388K | $143K | — | View 990 |
| 2015 | $637K | $623K | $276K | $134K | — | View 990 |
| 2014 | $870K | $878K | $380K | $252K | — | View 990 |
| 2013 | $850K | $935K | $717K | $573K | — | View 990 |
| 2012 | $1.1M | $1.4M | $952K | $734K | — | View 990 |
| 2011 | $1.9M | $2.0M | $1.3M | $852K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $1.3M (revenue -20.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.2M, and assets of $1.1M (revenue +15.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $1.1M (revenue -15.3% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.1M, and assets of $1.9M (revenue +51.2% year-over-year).
- 2019: Revenue of $986K, expenses of $964K, and assets of $495K (revenue +2.9% year-over-year).
- 2018: Revenue of $958K, expenses of $937K, and assets of $466K (revenue -9.9% year-over-year).
- 2017: Revenue of $1.1M, expenses of $978K, and assets of $396K (revenue +5.1% year-over-year).
- 2016: Revenue of $1.0M, expenses of $908K, and assets of $388K (revenue +58.7% year-over-year).
- 2015: Revenue of $637K, expenses of $623K, and assets of $276K (revenue -26.7% year-over-year).
- 2014: Revenue of $870K, expenses of $878K, and assets of $380K (revenue +2.3% year-over-year).
- 2013: Revenue of $850K, expenses of $935K, and assets of $717K (revenue -23.2% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.4M, and assets of $952K (revenue -43.1% year-over-year).
- 2011: Revenue of $1.9M, expenses of $2.0M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Center For Economic Success:
Data Sources and Methodology
This transparency report for Iowa Center For Economic Success 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.