Iowa Golden Gloves Foundation
EIN: 237043857 · Carlisle, IA · NTEE: N70Z
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $60K |
| Net Assets | $0 |
Is Iowa Golden Gloves Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iowa Golden Gloves Foundation
Iowa Golden Gloves Foundation (EIN: 237043857) is a nonprofit organization based in Carlisle, IA, classified under NTEE code N70Z. The organization reported total revenue of $23K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Golden Gloves Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Golden Gloves Foundation is a micro nonprofit that has been operating for 57 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $60K |
| Surplus / Deficit | $-21,588 |
| Total Assets | $55K |
| Total Liabilities | $55K |
| Net Assets | $0 |
| Operating Margin | -56.4% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 10.9 months |
Financial Health Grade: C
In 2023, Iowa Golden Gloves Foundation reported a deficit of $22K with expenses exceeding revenue, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Iowa Golden Gloves Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2967.2% | +2195.5% | -29.2% |
| 2021 | -65.2% | -19.3% | -1.7% |
| 2020 | -87.8% | -92.6% | -4.4% |
| 2019 | +19.7% | +72.2% | -13.6% |
| 2018 | -26.1% | -42.3% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iowa Golden Gloves Foundation 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 Golden Gloves Foundation 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 deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Iowa Golden Gloves Foundation
Is Iowa Golden Gloves Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Iowa Golden Gloves Foundation (EIN: 237043857) insufficient data. 0 red flags identified, 0 strengths noted.
How does Iowa Golden Gloves Foundation spend its money?
Detailed spending breakdown data is not yet available for Iowa Golden Gloves Foundation. Check back for updated IRS 990 analysis.
Are donations to Iowa Golden Gloves Foundation tax-deductible?
Iowa Golden Gloves Foundation is registered as a tax-exempt nonprofit (EIN: 237043857). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iowa Golden Gloves Foundation located?
Iowa Golden Gloves Foundation is headquartered in Carlisle, Iowa and files with the IRS under EIN 237043857. It is classified under NTEE code N70Z.
How many years of IRS 990 filings does Iowa Golden Gloves Foundation have?
Iowa Golden Gloves Foundation has 12 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 $23K in total revenue.
Filing History
IRS 990 filing history for Iowa Golden Gloves Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Iowa Golden Gloves Foundation's revenue has grown by 42%, moving from $27K to $38K. Total assets decreased by 45.5% over the same period, from $100K to $55K. Total functional expenses rose by 66.9%, from $36K to $60K. In its most recent filing year (2023), Iowa Golden Gloves Foundation reported a deficit of $22K, with expenses exceeding revenue. The organization holds $55K in liabilities against $55K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $60K | $55K | $55K | — | View 990 |
| 2021 | $1K | $3K | $77K | $0 | — | — |
| 2020 | $4K | $3K | $78K | $0 | — | — |
| 2019 | $29K | $44K | $82K | $4K | — | — |
| 2018 | $25K | $25K | $95K | $2K | — | View 990 |
| 2017 | $33K | $44K | $94K | $778 | — | View 990 |
| 2016 | $37K | $33K | $106K | $1K | — | View 990 |
| 2015 | $23K | $32K | $100K | $0 | — | View 990 |
| 2014 | $50K | $38K | $109K | $0 | — | View 990 |
| 2013 | $41K | $38K | $98K | $0 | — | View 990 |
| 2012 | $25K | $30K | $95K | $0 | — | View 990 |
| 2011 | $27K | $36K | $100K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $60K, and assets of $55K (revenue +2967.2% year-over-year).
- 2021: Revenue of $1K, expenses of $3K, and assets of $77K (revenue -65.2% year-over-year).
- 2020: Revenue of $4K, expenses of $3K, and assets of $78K (revenue -87.8% year-over-year).
- 2019: Revenue of $29K, expenses of $44K, and assets of $82K (revenue +19.7% year-over-year).
- 2018: Revenue of $25K, expenses of $25K, and assets of $95K (revenue -26.1% year-over-year).
- 2017: Revenue of $33K, expenses of $44K, and assets of $94K (revenue -10.7% year-over-year).
- 2016: Revenue of $37K, expenses of $33K, and assets of $106K (revenue +64.1% year-over-year).
- 2015: Revenue of $23K, expenses of $32K, and assets of $100K (revenue -54.4% year-over-year).
- 2014: Revenue of $50K, expenses of $38K, and assets of $109K (revenue +21.3% year-over-year).
- 2013: Revenue of $41K, expenses of $38K, and assets of $98K (revenue +63.9% year-over-year).
- 2012: Revenue of $25K, expenses of $30K, and assets of $95K (revenue -7.4% year-over-year).
- 2011: Revenue of $27K, expenses of $36K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Golden Gloves Foundation:
Data Sources and Methodology
This transparency report for Iowa Golden Gloves 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.