Iowa Food Bank Association
EIN: 271554605 · Waterloo, IA · NTEE: K12
| Metric | Value |
|---|---|
| Total Revenue | $749K |
| Total Expenses | $751K |
| Net Assets | $706K |
Is Iowa Food Bank Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iowa Food Bank Association
Iowa Food Bank Association (EIN: 271554605) is a nonprofit organization based in Waterloo, IA, classified under NTEE code K12. The organization reported total revenue of $749K and total assets of $512K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Food Bank Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Food Bank Association is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $751K |
| Surplus / Deficit | +$486K |
| Total Assets | $812K |
| Total Liabilities | $106K |
| Net Assets | $706K |
| Operating Margin | 39.3% |
| Debt-to-Asset Ratio | 13.0% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2023, Iowa Food Bank Association reported a surplus of $486K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 13.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iowa Food Bank Association's revenue has grown at a compound annual growth rate (CAGR) of 26.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +113.2% | +32.7% | +106.8% |
| 2022 | -92.1% | -92.4% | +20.2% |
| 2021 | +532.9% | +564.5% | -54.5% |
| 2020 | +257.4% | +253.2% | +228.8% |
| 2019 | -12.0% | -17.2% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iowa Food Bank Association 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 Food Bank Association 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 $486K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.0%.
Frequently Asked Questions about Iowa Food Bank Association
Is Iowa Food Bank Association a legitimate charity?
Iowa Food Bank Association (EIN: 271554605) is a registered tax-exempt nonprofit based in Iowa. It has 13 years of IRS 990 filings on record. Total revenue: $749K. No red flags identified. Financial health grade: A.
How does Iowa Food Bank Association spend its money?
Iowa Food Bank Association reported $749K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Iowa Food Bank Association tax-deductible?
Iowa Food Bank Association is registered as a tax-exempt nonprofit (EIN: 271554605). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iowa Food Bank Association located?
Iowa Food Bank Association is headquartered in Waterloo, Iowa and files with the IRS under EIN 271554605. It is classified under NTEE code K12.
How many years of IRS 990 filings does Iowa Food Bank Association have?
Iowa Food Bank Association 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 $749K in total revenue.
Filing History
IRS 990 filing history for Iowa Food Bank Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iowa Food Bank Association's revenue has grown by 1565.8%, moving from $74K to $1.2M. Total assets increased by 516.8% over the same period, from $132K to $812K. Total functional expenses rose by 548.9%, from $116K to $751K. In its most recent filing year (2023), Iowa Food Bank Association reported a surplus of $486K, with revenue exceeding expenses. The organization holds $106K in liabilities against $812K in assets (debt-to-asset ratio: 13.0%), resulting in net assets of $706K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $751K | $812K | $106K | — | View 990 |
| 2022 | $580K | $566K | $393K | $173K | — | View 990 |
| 2021 | $7.4M | $7.4M | $326K | $121K | — | View 990 |
| 2020 | $1.2M | $1.1M | $718K | $488K | — | View 990 |
| 2019 | $326K | $315K | $218K | $41K | — | View 990 |
| 2018 | $371K | $381K | $218K | $51K | — | View 990 |
| 2017 | $459K | $472K | $216K | $39K | — | View 990 |
| 2016 | $600K | $748K | $305K | $115K | — | View 990 |
| 2015 | $677K | $490K | $387K | $48K | — | View 990 |
| 2014 | $1.4M | $1.4M | $463K | $311K | — | View 990 |
| 2013 | $359K | $373K | $206K | $20K | — | View 990 |
| 2012 | $478K | $305K | $208K | $9K | — | View 990 |
| 2011 | $74K | $116K | $132K | $104K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $751K, and assets of $812K (revenue +113.2% year-over-year).
- 2022: Revenue of $580K, expenses of $566K, and assets of $393K (revenue -92.1% year-over-year).
- 2021: Revenue of $7.4M, expenses of $7.4M, and assets of $326K (revenue +532.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $718K (revenue +257.4% year-over-year).
- 2019: Revenue of $326K, expenses of $315K, and assets of $218K (revenue -12.0% year-over-year).
- 2018: Revenue of $371K, expenses of $381K, and assets of $218K (revenue -19.2% year-over-year).
- 2017: Revenue of $459K, expenses of $472K, and assets of $216K (revenue -23.5% year-over-year).
- 2016: Revenue of $600K, expenses of $748K, and assets of $305K (revenue -11.4% year-over-year).
- 2015: Revenue of $677K, expenses of $490K, and assets of $387K (revenue -51.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $463K (revenue +286.8% year-over-year).
- 2013: Revenue of $359K, expenses of $373K, and assets of $206K (revenue -24.9% year-over-year).
- 2012: Revenue of $478K, expenses of $305K, and assets of $208K (revenue +543.0% year-over-year).
- 2011: Revenue of $74K, expenses of $116K, and assets of $132K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Food Bank Association:
Data Sources and Methodology
This transparency report for Iowa Food Bank Association 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.