Iowa Great Lakes Association
Iowa Great Lakes Association maintains stable finances with growing assets and no reported liabilities.
EIN: 205518229 · Des Moines, IA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $147K |
| Total Expenses | $117K |
| Program Spending | 85% |
| Net Assets | $239K |
| Transparency Score | 88/100 |
Is Iowa Great Lakes Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iowa Great Lakes Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iowa Great Lakes Association
Iowa Great Lakes Association (EIN: 205518229) is a nonprofit organization based in Des Moines, IA, classified under NTEE code P20. The organization reported total revenue of $147K and total assets of $122K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Great Lakes Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Great Lakes Association is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $140K |
| Total Expenses | $117K |
| Surplus / Deficit | +$23K |
| Total Assets | $239K |
| Net Assets | $239K |
| Operating Margin | 16.8% |
| Months of Reserves | 24.6 months |
Financial Health Grade: A
In 2023, Iowa Great Lakes Association reported a surplus of $23K with revenue exceeding expenses, holds 24.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Iowa Great Lakes Association's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | +62.9% | +12.4% |
| 2022 | +38.3% | -60.1% | +48.0% |
| 2021 | +7.0% | +218.5% | -35.1% |
| 2020 | -41.4% | -65.9% | +21.1% |
| 2019 | +14.8% | +46.8% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Great Lakes Association with a Mission Score of 88 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 Great Lakes Association 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 $23K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is a positive sign for resource allocation towards mission-related activities.
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.
Strengths
The following positive indicators were identified for Iowa Great Lakes Association:
- Consistent positive net assets and no reported liabilities across all filings.
- Zero reported officer compensation, indicating efficient use of funds.
- Stable revenue generation, with recent years showing revenues exceeding expenses (e.g., 2023 revenue $140,085 vs. expenses $116,606).
- Growing asset base, reaching $238,885 in 2023.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Iowa Great Lakes Association
Is Iowa Great Lakes Association a legitimate charity?
Iowa Great Lakes Association (EIN: 205518229) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $147K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Iowa Great Lakes Association spend its money?
Iowa Great Lakes Association directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Iowa Great Lakes Association tax-deductible?
Iowa Great Lakes Association is registered as a tax-exempt nonprofit (EIN: 205518229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Iowa Great Lakes Association's spending goes to programs?
Iowa Great Lakes Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iowa Great Lakes Association compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Iowa Great Lakes Association is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iowa Great Lakes Association located?
Iowa Great Lakes Association is headquartered in Des Moines, Iowa and files with the IRS under EIN 205518229. It is classified under NTEE code P20.
How many years of IRS 990 filings does Iowa Great Lakes Association have?
Iowa Great Lakes 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 $147K in total revenue.
Is the Iowa Great Lakes Association financially stable?
Yes, the organization appears financially stable, with revenues generally exceeding expenses in recent years (e.g., $140,085 revenue vs. $116,606 expenses in 2023) and growing assets ($238,885 in 2023) with no reported liabilities.
How does the Iowa Great Lakes Association manage executive compensation?
The Iowa Great Lakes Association reports 0% officer compensation across all available filings, suggesting that executive leadership is not drawing a salary from the organization, which is a strong indicator of efficient resource use.
Has the organization experienced significant financial fluctuations?
While there are some fluctuations in revenue and expenses year-to-year (e.g., a deficit in 2021 with $101,603 revenue vs. $179,304 expenses), the overall trend shows consistent revenue generation and a healthy asset base, indicating resilience.
What is the trend in the organization's assets?
The organization's assets have generally grown over time, reaching $238,885 in 2023 from $145,352 in 2014, demonstrating a positive accumulation of resources.
Filing History
IRS 990 filing history for Iowa Great Lakes Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iowa Great Lakes Association's revenue has grown by 233.7%, moving from $42K to $140K. Total assets increased by 231.8% over the same period, from $72K to $239K. Total functional expenses rose by 338.4%, from $27K to $117K. In its most recent filing year (2023), Iowa Great Lakes Association reported a surplus of $23K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $140K | $117K | $239K | $0 | — | — |
| 2022 | $141K | $72K | $213K | $0 | — | — |
| 2021 | $102K | $179K | $144K | $0 | — | View 990 |
| 2020 | $95K | $56K | $221K | $0 | — | — |
| 2019 | $162K | $165K | $183K | $0 | — | View 990 |
| 2018 | $141K | $112K | $186K | $0 | — | View 990 |
| 2017 | $125K | $103K | $157K | $0 | — | View 990 |
| 2016 | $76K | $88K | $136K | $0 | — | View 990 |
| 2015 | $77K | $75K | $147K | $0 | — | View 990 |
| 2014 | $83K | $84K | $145K | $0 | — | View 990 |
| 2013 | $94K | $56K | $147K | $0 | — | View 990 |
| 2012 | $92K | $55K | $109K | $0 | — | View 990 |
| 2011 | $42K | $27K | $72K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $140K, expenses of $117K, and assets of $239K (revenue -0.3% year-over-year).
- 2022: Revenue of $141K, expenses of $72K, and assets of $213K (revenue +38.3% year-over-year).
- 2021: Revenue of $102K, expenses of $179K, and assets of $144K (revenue +7.0% year-over-year).
- 2020: Revenue of $95K, expenses of $56K, and assets of $221K (revenue -41.4% year-over-year).
- 2019: Revenue of $162K, expenses of $165K, and assets of $183K (revenue +14.8% year-over-year).
- 2018: Revenue of $141K, expenses of $112K, and assets of $186K (revenue +13.3% year-over-year).
- 2017: Revenue of $125K, expenses of $103K, and assets of $157K (revenue +62.8% year-over-year).
- 2016: Revenue of $76K, expenses of $88K, and assets of $136K (revenue -0.2% year-over-year).
- 2015: Revenue of $77K, expenses of $75K, and assets of $147K (revenue -7.4% year-over-year).
- 2014: Revenue of $83K, expenses of $84K, and assets of $145K (revenue -11.9% year-over-year).
- 2013: Revenue of $94K, expenses of $56K, and assets of $147K (revenue +1.7% year-over-year).
- 2012: Revenue of $92K, expenses of $55K, and assets of $109K (revenue +119.9% year-over-year).
- 2011: Revenue of $42K, expenses of $27K, and assets of $72K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Great Lakes Association:
Data Sources and Methodology
This transparency report for Iowa Great Lakes 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.