Iowa Workforce Development Foundation
EIN: 421504936 · Des Moines, IA · NTEE: W192
| Metric | Value |
|---|---|
| Total Revenue | $404 |
| Total Expenses | $2K |
| Net Assets | $92K |
Is Iowa Workforce Development 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 Workforce Development Foundation
Iowa Workforce Development Foundation (EIN: 421504936) is a nonprofit organization based in Des Moines, IA, classified under NTEE code W192. The organization reported total revenue of $404 and total assets of $91K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Workforce Development Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Workforce Development Foundation is a micro nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -27.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $2K |
| Surplus / Deficit | +$5K |
| Total Assets | $92K |
| Net Assets | $92K |
| Operating Margin | 72.2% |
| Months of Reserves | 589.7 months |
Financial Health Grade: A
In 2023, Iowa Workforce Development Foundation reported a surplus of $5K with revenue exceeding expenses, holds 589.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Iowa Workforce Development Foundation's revenue has declined at a compound annual growth rate (CAGR) of -27.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.2% | -96.9% | +5.6% |
| 2022 | +300.7% | +53784.7% | -3.6% |
| 2021 | +10287.5% | -80.3% | +18.4% |
| 2020 | -95.0% | -97.5% | -0.6% |
| 2019 | -80.9% | +1956.8% | -20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iowa Workforce Development 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 Workforce Development 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 surplus of $5K, with revenue exceeding expenses.
Frequently Asked Questions about Iowa Workforce Development Foundation
Is Iowa Workforce Development Foundation a legitimate charity?
Iowa Workforce Development Foundation (EIN: 421504936) is a registered tax-exempt nonprofit based in Iowa. It has 12 years of IRS 990 filings on record. Total revenue: $404. No red flags identified. Financial health grade: A.
How does Iowa Workforce Development Foundation spend its money?
Iowa Workforce Development Foundation reported $404 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 Workforce Development Foundation tax-deductible?
Iowa Workforce Development Foundation is registered as a tax-exempt nonprofit (EIN: 421504936). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iowa Workforce Development Foundation located?
Iowa Workforce Development Foundation is headquartered in Des Moines, Iowa and files with the IRS under EIN 421504936. It is classified under NTEE code W192.
How many years of IRS 990 filings does Iowa Workforce Development Foundation have?
Iowa Workforce Development 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 $404 in total revenue.
Filing History
IRS 990 filing history for Iowa Workforce Development Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Iowa Workforce Development Foundation's revenue has declined by 97.3%, moving from $245K to $7K. Total assets decreased by 65% over the same period, from $262K to $92K. Total functional expenses fell by 88.7%, from $16K to $2K. In its most recent filing year (2023), Iowa Workforce Development Foundation reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $2K | $92K | $0 | — | — |
| 2022 | $57K | $60K | $87K | $0 | — | — |
| 2021 | $14K | $111 | $90K | $0 | — | View 990 |
| 2020 | $136 | $563 | $76K | $0 | — | View 990 |
| 2019 | $3K | $22K | $76K | $0 | — | View 990 |
| 2018 | $14K | $1K | $96K | $0 | — | View 990 |
| 2017 | $35K | $73K | $83K | $0 | — | View 990 |
| 2016 | $41K | $72K | $121K | $0 | — | View 990 |
| 2015 | $78K | $208K | $152K | $0 | — | View 990 |
| 2014 | $414K | $174K | $282K | $0 | — | View 990 |
| 2013 | $84K | $303K | $42K | $0 | — | View 990 |
| 2012 | $245K | $16K | $262K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $2K, and assets of $92K (revenue -88.2% year-over-year).
- 2022: Revenue of $57K, expenses of $60K, and assets of $87K (revenue +300.7% year-over-year).
- 2021: Revenue of $14K, expenses of $111, and assets of $90K (revenue +10287.5% year-over-year).
- 2020: Revenue of $136, expenses of $563, and assets of $76K (revenue -95.0% year-over-year).
- 2019: Revenue of $3K, expenses of $22K, and assets of $76K (revenue -80.9% year-over-year).
- 2018: Revenue of $14K, expenses of $1K, and assets of $96K (revenue -59.7% year-over-year).
- 2017: Revenue of $35K, expenses of $73K, and assets of $83K (revenue -13.3% year-over-year).
- 2016: Revenue of $41K, expenses of $72K, and assets of $121K (revenue -47.7% year-over-year).
- 2015: Revenue of $78K, expenses of $208K, and assets of $152K (revenue -81.1% year-over-year).
- 2014: Revenue of $414K, expenses of $174K, and assets of $282K (revenue +393.4% year-over-year).
- 2013: Revenue of $84K, expenses of $303K, and assets of $42K (revenue -65.8% year-over-year).
- 2012: Revenue of $245K, expenses of $16K, and assets of $262K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Workforce Development Foundation:
Data Sources and Methodology
This transparency report for Iowa Workforce Development 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.