Iowa Parrot Rescue
Iowa Parrot Rescue consistently operates debt-free with volunteer leadership and growing assets.
EIN: 202980643 · Letts, IA · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $126K |
| Total Expenses | $76K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $315K |
| Transparency Score | 95/100 |
Is Iowa Parrot Rescue Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iowa Parrot Rescue directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iowa Parrot Rescue
Iowa Parrot Rescue (EIN: 202980643) is a nonprofit organization based in Letts, IA, classified under NTEE code D20. The organization reported total revenue of $126K and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Parrot Rescue's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Parrot Rescue is a small nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $76K |
| Surplus / Deficit | +$15K |
| Total Assets | $315K |
| Net Assets | $315K |
| Operating Margin | 16.0% |
| Months of Reserves | 49.4 months |
Financial Health Grade: A
In 2023, Iowa Parrot Rescue reported a surplus of $15K with revenue exceeding expenses, holds 49.4 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Iowa Parrot Rescue's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.4% | -5.5% | +4.9% |
| 2022 | -11.1% | +16.2% | -2.7% |
| 2021 | +36.0% | +14.4% | +4.0% |
| 2020 | -66.3% | +15.3% | -0.3% |
| 2019 | +116.7% | -19.5% | +73.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Parrot Rescue with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Iowa Parrot Rescue allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $15K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets over $300,000.
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.
Strengths
The following positive indicators were identified for Iowa Parrot Rescue:
- Zero liabilities reported across all filings, indicating excellent financial health and no debt.
- No officer compensation reported, suggesting a volunteer-led organization and high efficiency.
- Consistent growth in net assets, from $143,049 in 2016 to $314,674 in 2023.
- Positive net income in most years (e.g., $14,581 in 2023, $11,984 in 2021), contributing to asset growth.
- Consistent filing of IRS Form 990s over eight periods, demonstrating strong transparency.
Frequently Asked Questions about Iowa Parrot Rescue
Is Iowa Parrot Rescue a legitimate charity?
Based on AI analysis of IRS 990 filings, Iowa Parrot Rescue (EIN: 202980643) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Iowa Parrot Rescue spend its money?
Iowa Parrot Rescue directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Iowa Parrot Rescue tax-deductible?
Iowa Parrot Rescue is registered as a tax-exempt nonprofit (EIN: 202980643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Iowa Parrot Rescue CEO make?
Iowa Parrot Rescue's highest-compensated officer earns $300,000. annually. The organization reported $126K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Iowa Parrot Rescue compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Iowa Parrot Rescue is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iowa Parrot Rescue located?
Iowa Parrot Rescue is headquartered in Letts, Iowa and files with the IRS under EIN 202980643. It is classified under NTEE code D20.
How many years of IRS 990 filings does Iowa Parrot Rescue have?
Iowa Parrot Rescue has 8 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 $126K in total revenue.
Is Iowa Parrot Rescue a good charity?
Based on the provided IRS 990 data, Iowa Parrot Rescue appears to be a very good charity. It operates with no debt, no paid executive compensation, and consistently grows its assets, indicating strong financial management and a high dedication to its mission.
How does Iowa Parrot Rescue manage its finances without officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization is run entirely by volunteers, including its leadership. This allows a significantly higher proportion of its revenue to be directed towards its program services and operational costs.
What is the trend in Iowa Parrot Rescue's assets?
Iowa Parrot Rescue has shown a strong upward trend in assets, growing from $143,049 in 2016 to $314,674 in 2023, demonstrating consistent financial growth and stability.
Filing History
IRS 990 filing history for Iowa Parrot Rescue showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Iowa Parrot Rescue's revenue has declined by 9.9%, moving from $101K to $91K. Total assets increased by 120% over the same period, from $143K to $315K. Total functional expenses fell by 7%, from $82K to $76K. In its most recent filing year (2023), Iowa Parrot Rescue reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $76K | $315K | $0 | — | — |
| 2022 | $73K | $81K | $300K | $0 | — | View 990 |
| 2021 | $82K | $70K | $308K | $0 | — | View 990 |
| 2020 | $60K | $61K | $296K | $0 | — | — |
| 2019 | $178K | $53K | $297K | $0 | — | View 990 |
| 2018 | $82K | $66K | $172K | $0 | — | View 990 |
| 2017 | $63K | $51K | $155K | $0 | — | View 990 |
| 2016 | $101K | $82K | $143K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $91K, expenses of $76K, and assets of $315K (revenue +25.4% year-over-year).
- 2022: Revenue of $73K, expenses of $81K, and assets of $300K (revenue -11.1% year-over-year).
- 2021: Revenue of $82K, expenses of $70K, and assets of $308K (revenue +36.0% year-over-year).
- 2020: Revenue of $60K, expenses of $61K, and assets of $296K (revenue -66.3% year-over-year).
- 2019: Revenue of $178K, expenses of $53K, and assets of $297K (revenue +116.7% year-over-year).
- 2018: Revenue of $82K, expenses of $66K, and assets of $172K (revenue +30.1% year-over-year).
- 2017: Revenue of $63K, expenses of $51K, and assets of $155K (revenue -37.4% year-over-year).
- 2016: Revenue of $101K, expenses of $82K, and assets of $143K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Parrot Rescue:
Data Sources and Methodology
This transparency report for Iowa Parrot Rescue 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.