Islamic Foundation Of Iowa Inc
Islamic Foundation Of Iowa Inc shows significant revenue growth and no officer compensation, with assets increasing.
EIN: 202941534 · Waterloo, IA · NTEE: P28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $421K |
| Total Expenses | $479K |
| Program Spending | 85% |
| Net Assets | $166K |
| Transparency Score | 85/100 |
Is Islamic Foundation Of Iowa Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Islamic Foundation Of Iowa Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Islamic Foundation Of Iowa Inc
Islamic Foundation Of Iowa Inc (EIN: 202941534) is a nonprofit organization based in Waterloo, IA, classified under NTEE code P28. The organization reported total revenue of $421K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Islamic Foundation Of Iowa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Islamic Foundation Of Iowa Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $508K |
| Total Expenses | $479K |
| Surplus / Deficit | +$29K |
| Total Assets | $166K |
| Net Assets | $166K |
| Operating Margin | 5.7% |
| Months of Reserves | 4.2 months |
Financial Health Grade: A
In 2023, Islamic Foundation Of Iowa Inc reported a surplus of $29K with revenue exceeding expenses, holds 4.2 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Islamic Foundation Of Iowa Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.8% | +71.7% | +21.1% |
| 2022 | +248.2% | +183.7% | +320.9% |
| 2021 | -5.3% | -8.8% | +54.7% |
| 2020 | -14.7% | -40.9% | +64.4% |
| 2019 | -38.6% | -41.3% | -78.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Islamic Foundation Of Iowa 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, Islamic Foundation Of Iowa 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is a strong positive for financial efficiency and donor trust.
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 Islamic Foundation Of Iowa Inc:
- Consistent revenue growth, especially from 2021 to 2023 ($109,833 to $507,799).
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Zero liabilities reported consistently, demonstrating strong financial management.
- Significant asset growth from $32,517 in 2021 to $165,791 in 2023, and a reported latest asset value of $2,020,277.
- Revenues generally exceed expenses in recent periods, contributing to asset accumulation.
Frequently Asked Questions about Islamic Foundation Of Iowa Inc
Is Islamic Foundation Of Iowa Inc a legitimate charity?
Islamic Foundation Of Iowa Inc (EIN: 202941534) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $421K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Islamic Foundation Of Iowa Inc spend its money?
Islamic Foundation Of Iowa Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Islamic Foundation Of Iowa Inc tax-deductible?
Islamic Foundation Of Iowa Inc is registered as a tax-exempt nonprofit (EIN: 202941534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Islamic Foundation Of Iowa Inc's spending goes to programs?
Islamic Foundation Of Iowa Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Islamic Foundation Of Iowa Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Islamic Foundation Of Iowa Inc is above average for NTEE category P28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Islamic Foundation Of Iowa Inc located?
Islamic Foundation Of Iowa Inc is headquartered in Waterloo, Iowa and files with the IRS under EIN 202941534. It is classified under NTEE code P28.
How many years of IRS 990 filings does Islamic Foundation Of Iowa Inc have?
Islamic Foundation Of Iowa Inc has 13 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 $421K in total revenue.
Is Islamic Foundation Of Iowa Inc a good charity?
Based on the provided financial data, the Islamic Foundation Of Iowa Inc appears to be a well-managed charity. It exhibits strong revenue growth, maintains zero liabilities, and reports no officer compensation, suggesting efficient use of funds and a volunteer-driven model. The consistent growth in assets also indicates financial stability and capacity building.
How has the organization's revenue trended over the last five years?
The organization's revenue has shown significant growth over the last five years, increasing from $135,976 in 2019 to $507,799 in 2023, with a notable surge in the last two years.
What is the organization's approach to executive compensation?
The Islamic Foundation Of Iowa Inc reports 0% officer compensation in all available filings, indicating that its executive leadership operates on a volunteer basis, which is highly commendable for a nonprofit.
Are there any concerns regarding the organization's liabilities?
No, the organization consistently reports $0 in liabilities across all available filings, which is an excellent indicator of financial health and low financial risk.
Filing History
IRS 990 filing history for Islamic Foundation Of Iowa Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Islamic Foundation Of Iowa Inc's revenue has grown by 765%, moving from $59K to $508K. Total assets increased by 447.2% over the same period, from $30K to $166K. Total functional expenses rose by 743.2%, from $57K to $479K. In its most recent filing year (2023), Islamic Foundation Of Iowa Inc reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $508K | $479K | $166K | $0 | — | — |
| 2022 | $382K | $279K | $137K | $0 | — | — |
| 2021 | $110K | $98K | $33K | $0 | — | View 990 |
| 2020 | $116K | $108K | $21K | $0 | — | — |
| 2019 | $136K | $182K | $13K | $0 | — | View 990 |
| 2018 | $221K | $311K | $59K | $0 | — | View 990 |
| 2017 | $76K | $42K | $149K | $0 | — | View 990 |
| 2016 | $80K | $57K | $115K | $0 | — | View 990 |
| 2015 | $87K | $54K | $92K | $0 | — | View 990 |
| 2014 | $106K | $105K | $59K | $0 | — | View 990 |
| 2013 | $69K | $41K | $58K | $0 | — | View 990 |
| 2012 | $58K | $56K | $32K | $2K | — | View 990 |
| 2011 | $59K | $57K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $508K, expenses of $479K, and assets of $166K (revenue +32.8% year-over-year).
- 2022: Revenue of $382K, expenses of $279K, and assets of $137K (revenue +248.2% year-over-year).
- 2021: Revenue of $110K, expenses of $98K, and assets of $33K (revenue -5.3% year-over-year).
- 2020: Revenue of $116K, expenses of $108K, and assets of $21K (revenue -14.7% year-over-year).
- 2019: Revenue of $136K, expenses of $182K, and assets of $13K (revenue -38.6% year-over-year).
- 2018: Revenue of $221K, expenses of $311K, and assets of $59K (revenue +191.4% year-over-year).
- 2017: Revenue of $76K, expenses of $42K, and assets of $149K (revenue -5.6% year-over-year).
- 2016: Revenue of $80K, expenses of $57K, and assets of $115K (revenue -7.7% year-over-year).
- 2015: Revenue of $87K, expenses of $54K, and assets of $92K (revenue -17.8% year-over-year).
- 2014: Revenue of $106K, expenses of $105K, and assets of $59K (revenue +53.9% year-over-year).
- 2013: Revenue of $69K, expenses of $41K, and assets of $58K (revenue +19.3% year-over-year).
- 2012: Revenue of $58K, expenses of $56K, and assets of $32K (revenue -1.6% year-over-year).
- 2011: Revenue of $59K, expenses of $57K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Islamic Foundation Of Iowa Inc:
Data Sources and Methodology
This transparency report for Islamic Foundation Of Iowa 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.