Iowa Public Transit Association
EIN: 421220517 · Des Moines, IA
| Metric | Value |
|---|---|
| Total Revenue | $308K |
| Total Expenses | $177K |
| Net Assets | $120K |
Is Iowa Public Transit 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 Public Transit Association
Iowa Public Transit Association (EIN: 421220517) is a nonprofit organization based in Des Moines, IA. The organization reported total revenue of $308K and total assets of $46K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Public Transit Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Public Transit Association is a small nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $215K |
| Total Expenses | $177K |
| Surplus / Deficit | +$38K |
| Total Assets | $142K |
| Total Liabilities | $22K |
| Net Assets | $120K |
| Operating Margin | 17.8% |
| Debt-to-Asset Ratio | 15.8% |
| Months of Reserves | 9.6 months |
Financial Health Grade: A
In 2023, Iowa Public Transit Association reported a surplus of $38K with revenue exceeding expenses, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 15.8% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2023), Iowa Public Transit Association's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.9% | -42.7% | +34.6% |
| 2022 | +67.1% | +76.7% | -39.7% |
| 2021 | +6.4% | +3.7% | +71.4% |
| 2020 | -16.5% | -2.1% | -36.7% |
| 2019 | -6.4% | -25.5% | +233.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iowa Public Transit 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 Public Transit 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 $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.8%.
Frequently Asked Questions about Iowa Public Transit Association
Is Iowa Public Transit Association a legitimate charity?
Iowa Public Transit Association (EIN: 421220517) is a registered tax-exempt nonprofit based in Iowa. It has 12 years of IRS 990 filings on record. Total revenue: $308K. No red flags identified. Financial health grade: A.
How does Iowa Public Transit Association spend its money?
Iowa Public Transit Association reported $308K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Iowa Public Transit Association tax-deductible?
Iowa Public Transit Association is registered as a tax-exempt nonprofit (EIN: 421220517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iowa Public Transit Association located?
Iowa Public Transit Association is headquartered in Des Moines, Iowa and files with the IRS under EIN 421220517.
How many years of IRS 990 filings does Iowa Public Transit Association have?
Iowa Public Transit Association 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 $308K in total revenue.
Filing History
IRS 990 filing history for Iowa Public Transit Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Iowa Public Transit Association's revenue has grown by 211.1%, moving from $69K to $215K. Total assets increased by 30% over the same period, from $110K to $142K. Total functional expenses rose by 43.2%, from $124K to $177K. In its most recent filing year (2023), Iowa Public Transit Association reported a surplus of $38K, with revenue exceeding expenses. The organization holds $22K in liabilities against $142K in assets (debt-to-asset ratio: 15.8%), resulting in net assets of $120K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $177K | $142K | $22K | — | — |
| 2022 | $303K | $309K | $106K | $24K | — | View 990 |
| 2021 | $181K | $175K | $175K | $87K | — | — |
| 2020 | $171K | $169K | $102K | $21K | — | — |
| 2019 | $204K | $173K | $162K | $81K | — | View 990 |
| 2018 | $218K | $232K | $48K | $0 | — | View 990 |
| 2017 | $164K | $200K | $62K | $0 | — | View 990 |
| 2015 | $183K | $187K | $109K | $0 | — | View 990 |
| 2014 | $151K | $169K | $113K | $0 | — | View 990 |
| 2013 | $153K | $166K | $130K | $0 | — | View 990 |
| 2012 | $149K | $131K | $143K | $0 | — | View 990 |
| 2010 | $69K | $124K | $110K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $177K, and assets of $142K (revenue -28.9% year-over-year).
- 2022: Revenue of $303K, expenses of $309K, and assets of $106K (revenue +67.1% year-over-year).
- 2021: Revenue of $181K, expenses of $175K, and assets of $175K (revenue +6.4% year-over-year).
- 2020: Revenue of $171K, expenses of $169K, and assets of $102K (revenue -16.5% year-over-year).
- 2019: Revenue of $204K, expenses of $173K, and assets of $162K (revenue -6.4% year-over-year).
- 2018: Revenue of $218K, expenses of $232K, and assets of $48K (revenue +33.1% year-over-year).
- 2017: Revenue of $164K, expenses of $200K, and assets of $62K (revenue -10.3% year-over-year).
- 2015: Revenue of $183K, expenses of $187K, and assets of $109K (revenue +20.7% year-over-year).
- 2014: Revenue of $151K, expenses of $169K, and assets of $113K (revenue -1.1% year-over-year).
- 2013: Revenue of $153K, expenses of $166K, and assets of $130K (revenue +2.9% year-over-year).
- 2012: Revenue of $149K, expenses of $131K, and assets of $143K (revenue +114.7% year-over-year).
- 2010: Revenue of $69K, expenses of $124K, and assets of $110K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Public Transit Association:
Data Sources and Methodology
This transparency report for Iowa Public Transit 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.