Iowa Racing Association 515 Racing
EIN: 815368792 · Bondurant, IA · NTEE: M42
Is Iowa Racing Association 515 Racing Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iowa Racing Association 515 Racing
Iowa Racing Association 515 Racing (EIN: 815368792) is a nonprofit organization based in Bondurant, IA, classified under NTEE code M42. The organization reported total revenue of $302K and total assets of $123K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Racing Association 515 Racing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Iowa Racing Association 515 Racing 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 Racing Association 515 Racing 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.
Frequently Asked Questions about Iowa Racing Association 515 Racing
Is Iowa Racing Association 515 Racing a legitimate charity?
Based on AI analysis of IRS 990 filings, Iowa Racing Association 515 Racing (EIN: 815368792) insufficient data. 0 red flags identified, 0 strengths noted.
How does Iowa Racing Association 515 Racing spend its money?
Detailed spending breakdown data is not yet available for Iowa Racing Association 515 Racing. Check back for updated IRS 990 analysis.
Are donations to Iowa Racing Association 515 Racing tax-deductible?
Iowa Racing Association 515 Racing is registered as a tax-exempt nonprofit (EIN: 815368792). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Iowa Racing Association 515 Racing showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2017–2018), Iowa Racing Association 515 Racing's revenue has grown by 38.3%, moving from $180K to $249K. Total assets increased by 17.2% over the same period, from $105K to $123K. Total functional expenses rose by 220%, from $77K to $245K. In its most recent filing year (2018), Iowa Racing Association 515 Racing reported a surplus of $4K, with revenue exceeding expenses. The organization holds $14K in liabilities against $123K in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $109K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2018 | $249K | $245K | $123K | $14K | — | View 990 |
| 2017 | $180K | $77K | $105K | $2K | — | View 990 |
Data Sources and Methodology
This transparency report for Iowa Racing Association 515 Racing 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.