Ironwood Foundation Inc
Ironwood Foundation Inc. maintains stable assets and zero officer compensation amidst fluctuating revenue.
EIN: 133033569 · Lyme, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62K |
| Total Expenses | $36K |
| Program Spending | 85% |
| Net Assets | $761K |
| Transparency Score | 85/100 |
Is Ironwood Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ironwood Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ironwood Foundation Inc
Ironwood Foundation Inc (EIN: 133033569) is a nonprofit organization based in Lyme, NH. The organization reported total revenue of $62K and total assets of $761K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ironwood Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ironwood Foundation Inc is a micro nonprofit that has been operating for 46 years, with 6 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of -12.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $36K |
| Surplus / Deficit | $-7,934 |
| Total Assets | $761K |
| Total Liabilities | $1 |
| Net Assets | $761K |
| Operating Margin | -28.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 255.5 months |
Financial Health Grade: B
In 2020, Ironwood Foundation Inc reported a deficit of $8K with expenses exceeding revenue, holds 255.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2012–2020), Ironwood Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -45.8% | -19.0% | -5.1% |
| 2016 | +21.5% | -8.9% | +0.9% |
| 2015 | +28.4% | +3.6% | -0.8% |
| 2014 | -2.0% | -5.5% | -1.7% |
| 2013 | -59.5% | -33.5% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Ironwood Foundation Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Ironwood Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly efficient for a foundation of this size.
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.
Red Flags
The following concerns were identified during AI analysis of Ironwood Foundation Inc's IRS 990 filings:
- Unknown NTEE code limits understanding of mission and peer comparison.
Strengths
The following positive indicators were identified for Ironwood Foundation Inc:
- Consistent zero officer compensation demonstrates high efficiency in executive pay.
- Negligible liabilities across all filings indicate strong financial management and low debt.
- Consistent IRS 990 filings demonstrate good transparency.
- Stable asset base, despite minor fluctuations, suggests long-term financial viability.
Frequently Asked Questions about Ironwood Foundation Inc
Is Ironwood Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ironwood Foundation Inc (EIN: 133033569) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Ironwood Foundation Inc spend its money?
Ironwood Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ironwood Foundation Inc tax-deductible?
Ironwood Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133033569). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ironwood Foundation Inc's spending goes to programs?
Ironwood Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ironwood Foundation Inc located?
Ironwood Foundation Inc is headquartered in Lyme, New Hampshire and files with the IRS under EIN 133033569.
How many years of IRS 990 filings does Ironwood Foundation Inc have?
Ironwood Foundation Inc has 6 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 $62K in total revenue.
What is the specific mission or program area of the Ironwood Foundation Inc.?
The provided data does not specify the mission or program area, as the NTEE code is unknown. Further investigation into their public mission statement or website would be necessary.
How does the Ironwood Foundation Inc. manage to operate with zero officer compensation?
Operating with zero officer compensation suggests that the foundation is likely run by volunteers, or that any administrative services are provided pro bono or through other means not classified as officer compensation on the 990 form.
What caused the fluctuation in revenue and expenses over the years?
The provided data does not offer specific reasons for the fluctuations in revenue and expenses. These could be due to varying donation levels, investment returns, or changes in grant-making activities.
Filing History
IRS 990 filing history for Ironwood Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2020), Ironwood Foundation Inc's revenue has declined by 66.4%, moving from $83K to $28K. Total assets decreased by 9% over the same period, from $836K to $761K. Total functional expenses fell by 51.9%, from $74K to $36K. In its most recent filing year (2020), Ironwood Foundation Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $761K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $761K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $28K | $36K | $761K | $1 | — | View 990 |
| 2016 | $51K | $44K | $802K | $1 | — | View 990 |
| 2015 | $42K | $48K | $795K | $1 | — | View 990 |
| 2014 | $33K | $47K | $801K | $0 | — | View 990 |
| 2013 | $34K | $49K | $815K | $0 | — | View 990 |
| 2012 | $83K | $74K | $836K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $28K, expenses of $36K, and assets of $761K (revenue -45.8% year-over-year).
- 2016: Revenue of $51K, expenses of $44K, and assets of $802K (revenue +21.5% year-over-year).
- 2015: Revenue of $42K, expenses of $48K, and assets of $795K (revenue +28.4% year-over-year).
- 2014: Revenue of $33K, expenses of $47K, and assets of $801K (revenue -2.0% year-over-year).
- 2013: Revenue of $34K, expenses of $49K, and assets of $815K (revenue -59.5% year-over-year).
- 2012: Revenue of $83K, expenses of $74K, and assets of $836K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ironwood Foundation Inc:
Data Sources and Methodology
This transparency report for Ironwood Foundation 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.