Iq For Kids Inc
Iq For Kids Inc consistently reports no officer compensation and zero liabilities, demonstrating strong financial transparency.
EIN: 203988310 · Vancouver, WA · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $148K |
| Total Expenses | $133K |
| Program Spending | 90% |
| Net Assets | $39K |
| Transparency Score | 92/100 |
Is Iq For Kids Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iq For Kids Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iq For Kids Inc
Iq For Kids Inc (EIN: 203988310) is a nonprofit organization based in Vancouver, WA, classified under NTEE code O50. The organization reported total revenue of $148K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iq For Kids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iq For Kids Inc is a small nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $133K |
| Surplus / Deficit | +$12K |
| Total Assets | $39K |
| Net Assets | $39K |
| Operating Margin | 8.3% |
| Months of Reserves | 3.5 months |
Financial Health Grade: A
In 2023, Iq For Kids Inc reported a surplus of $12K with revenue exceeding expenses, holds 3.5 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2012–2023), Iq For Kids Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.9% | -26.5% | +45.2% |
| 2022 | -56.3% | -44.5% | -48.2% |
| 2021 | +447.4% | +242.9% | +152.2% |
| 2020 | -42.8% | -30.0% | -59.2% |
| 2019 | +8.4% | +4.8% | -30.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2013 |
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 Iq For Kids Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Iq For Kids Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $12K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This is a strong positive for a nonprofit of its size, suggesting all funds are directed to programs and operational costs.
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 Iq For Kids Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency and transparency.
- Zero reported liabilities in all available filings, suggesting strong financial management and low risk.
- Maintains positive net assets in most periods, demonstrating financial stability.
- Clear commitment to directing funds to mission, as evidenced by lack of executive salaries.
Frequently Asked Questions about Iq For Kids Inc
Is Iq For Kids Inc a legitimate charity?
Iq For Kids Inc (EIN: 203988310) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $148K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Iq For Kids Inc spend its money?
Iq For Kids Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Iq For Kids Inc tax-deductible?
Iq For Kids Inc is registered as a tax-exempt nonprofit (EIN: 203988310). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Iq For Kids Inc's spending goes to programs?
Iq For Kids Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iq For Kids Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Iq For Kids Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iq For Kids Inc located?
Iq For Kids Inc is headquartered in Vancouver, Washington and files with the IRS under EIN 203988310. It is classified under NTEE code O50.
How many years of IRS 990 filings does Iq For Kids Inc have?
Iq For Kids Inc 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 $148K in total revenue.
Is Iq For Kids Inc a good charity?
Based on the provided IRS 990 data, Iq For Kids Inc appears to be a very good charity. It consistently reports 0% officer compensation and zero liabilities, indicating strong financial health, transparency, and a high likelihood that funds are directly supporting its mission.
How has Iq For Kids Inc's revenue trended over time?
Iq For Kids Inc's revenue has fluctuated significantly, ranging from a high of $411,895 in 201409 to a low of $65,052 in 202009. The latest reported revenue for 202309 was $144,709, showing some recovery from the 2020 low but not reaching previous peaks.
What is the organization's asset position?
The organization's assets have varied, with the latest reported assets for 202309 at $38,752. Historically, assets peaked at $283,737 in 201409 and were as low as $20,436 in 202009. The current asset level is modest but consistent with its recent revenue.
Filing History
IRS 990 filing history for Iq For Kids Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Iq For Kids Inc's revenue has declined by 39.3%, moving from $238K to $145K. Total assets decreased by 79.8% over the same period, from $191K to $39K. Total functional expenses fell by 40%, from $221K to $133K. In its most recent filing year (2023), Iq For Kids Inc reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $133K | $39K | $0 | — | View 990 |
| 2022 | $155K | $180K | $27K | $0 | — | View 990 |
| 2021 | $356K | $325K | $52K | $0 | — | View 990 |
| 2020 | $65K | $95K | $20K | $0 | — | — |
| 2019 | $114K | $135K | $50K | $0 | — | View 990 |
| 2018 | $105K | $129K | $72K | $0 | — | View 990 |
| 2017 | $86K | $52K | $96K | $0 | — | View 990 |
| 2016 | $274K | $282K | $76K | $0 | — | View 990 |
| 2015 | $329K | $447K | $85K | $0 | — | View 990 |
| 2014 | $412K | $366K | $284K | $25K | — | View 990 |
| 2013 | $238K | $221K | $191K | $0 | — | — |
| 2012 | $238K | $221K | $191K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $133K, and assets of $39K (revenue -6.9% year-over-year).
- 2022: Revenue of $155K, expenses of $180K, and assets of $27K (revenue -56.3% year-over-year).
- 2021: Revenue of $356K, expenses of $325K, and assets of $52K (revenue +447.4% year-over-year).
- 2020: Revenue of $65K, expenses of $95K, and assets of $20K (revenue -42.8% year-over-year).
- 2019: Revenue of $114K, expenses of $135K, and assets of $50K (revenue +8.4% year-over-year).
- 2018: Revenue of $105K, expenses of $129K, and assets of $72K (revenue +21.9% year-over-year).
- 2017: Revenue of $86K, expenses of $52K, and assets of $96K (revenue -68.6% year-over-year).
- 2016: Revenue of $274K, expenses of $282K, and assets of $76K (revenue -16.8% year-over-year).
- 2015: Revenue of $329K, expenses of $447K, and assets of $85K (revenue -20.0% year-over-year).
- 2014: Revenue of $412K, expenses of $366K, and assets of $284K (revenue +72.9% year-over-year).
- 2013: Revenue of $238K, expenses of $221K, and assets of $191K (revenue +0.0% year-over-year).
- 2012: Revenue of $238K, expenses of $221K, and assets of $191K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iq For Kids Inc:
Data Sources and Methodology
This transparency report for Iq For Kids Inc 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.