Mwa Iii Inc
Mwa Iii Inc consistently operates at a deficit, drawing down assets over the past decade.
EIN: 204721365 · Wdm, IA · NTEE: I20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $60K |
| Total Expenses | $65K |
| Program Spending | 70% |
| Net Assets | $80K |
| Transparency Score | 65/100 |
Is Mwa Iii Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mwa Iii Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mwa Iii Inc
Mwa Iii Inc (EIN: 204721365) is a nonprofit organization based in Wdm, IA, classified under NTEE code I20. The organization reported total revenue of $60K and total assets of $631K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mwa Iii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mwa Iii Inc is a micro nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $65K |
| Surplus / Deficit | $-15,661 |
| Total Assets | $666K |
| Total Liabilities | $585K |
| Net Assets | $80K |
| Operating Margin | -31.7% |
| Debt-to-Asset Ratio | 87.9% |
| Months of Reserves | 122.9 months |
Financial Health Grade: C
In 2023, Mwa Iii Inc reported a deficit of $16K with expenses exceeding revenue, holds 122.9 months of operating reserves (strong position), has a debt-to-asset ratio of 87.9% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Mwa Iii Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | +5.5% | -2.6% |
| 2022 | +22.1% | -9.2% | -1.1% |
| 2021 | -1.4% | +7.0% | -2.9% |
| 2020 | +4.8% | +5.8% | -3.0% |
| 2019 | -59.4% | -44.4% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Mwa Iii Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mwa Iii Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 87.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through means not categorized as officer compensation, which is a positive sign for a small organization with declining revenues.
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 Mwa Iii Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $49,338 revenue vs. $64,999 expenses in 2023).
- Declining asset base over the past decade (from $817,895 in 2014 to $665,569 in 2023).
- Liabilities consistently represent a significant portion of assets (e.g., $585,288 liabilities vs. $665,569 assets in 2023).
Strengths
The following positive indicators were identified for Mwa Iii Inc:
- Consistent IRS 990 filing history (12 filings), indicating good transparency.
- Reported 0% officer compensation across all filings, suggesting efficient use of funds at the executive level.
- Significant asset base relative to annual revenue, providing some financial cushion despite the decline.
Frequently Asked Questions about Mwa Iii Inc
Is Mwa Iii Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mwa Iii Inc (EIN: 204721365) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Mwa Iii Inc spend its money?
Mwa Iii Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mwa Iii Inc tax-deductible?
Mwa Iii Inc is registered as a tax-exempt nonprofit (EIN: 204721365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mwa Iii Inc's spending goes to programs?
Mwa Iii Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mwa Iii Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mwa Iii Inc is above average for NTEE category I20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mwa Iii Inc located?
Mwa Iii Inc is headquartered in Wdm, Iowa and files with the IRS under EIN 204721365. It is classified under NTEE code I20.
How many years of IRS 990 filings does Mwa Iii Inc have?
Mwa Iii 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 $60K in total revenue.
How does Mwa Iii Inc cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue, for example, $64,999 in expenses vs. $49,338 in revenue in 2023. This suggests it is either drawing down its assets, which have declined from $817,895 in 2014 to $665,569 in 2023, or relying on other non-operating income sources not detailed in the summary.
What is the long-term sustainability of Mwa Iii Inc given its declining asset base?
With assets decreasing from $817,895 in 2014 to $665,569 in 2023, and consistent operating deficits, the organization's current financial model appears unsustainable in the long run without a significant increase in revenue or reduction in expenses.
What are the primary expense categories for Mwa Iii Inc?
The provided data does not offer a detailed breakdown of expenses beyond total expenses. To understand spending efficiency, a detailed look at program, administrative, and fundraising expenses would be necessary.
Filing History
IRS 990 filing history for Mwa Iii Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Mwa Iii Inc's revenue has grown by 36.3%, moving from $36K to $49K. Total assets decreased by 21.8% over the same period, from $851K to $666K. Total functional expenses rose by 27.1%, from $51K to $65K. In its most recent filing year (2023), Mwa Iii Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $585K in liabilities against $666K in assets (debt-to-asset ratio: 87.9%), resulting in net assets of $80K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $65K | $666K | $585K | — | View 990 |
| 2022 | $49K | $62K | $683K | $587K | — | — |
| 2021 | $40K | $68K | $691K | $582K | — | — |
| 2020 | $41K | $63K | $712K | $575K | — | View 990 |
| 2019 | $39K | $60K | $734K | $575K | — | View 990 |
| 2018 | $95K | $108K | $751K | $570K | — | View 990 |
| 2017 | $38K | $57K | $764K | $571K | — | View 990 |
| 2016 | $38K | $59K | $785K | $573K | — | View 990 |
| 2015 | $38K | $56K | $802K | $569K | — | View 990 |
| 2014 | $37K | $53K | $818K | $567K | — | View 990 |
| 2013 | $38K | $55K | $832K | $564K | — | View 990 |
| 2012 | $36K | $51K | $851K | $566K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49K, expenses of $65K, and assets of $666K (revenue +1.1% year-over-year).
- 2022: Revenue of $49K, expenses of $62K, and assets of $683K (revenue +22.1% year-over-year).
- 2021: Revenue of $40K, expenses of $68K, and assets of $691K (revenue -1.4% year-over-year).
- 2020: Revenue of $41K, expenses of $63K, and assets of $712K (revenue +4.8% year-over-year).
- 2019: Revenue of $39K, expenses of $60K, and assets of $734K (revenue -59.4% year-over-year).
- 2018: Revenue of $95K, expenses of $108K, and assets of $751K (revenue +151.9% year-over-year).
- 2017: Revenue of $38K, expenses of $57K, and assets of $764K (revenue +-0.0% year-over-year).
- 2016: Revenue of $38K, expenses of $59K, and assets of $785K (revenue +0.5% year-over-year).
- 2015: Revenue of $38K, expenses of $56K, and assets of $802K (revenue +2.1% year-over-year).
- 2014: Revenue of $37K, expenses of $53K, and assets of $818K (revenue -2.7% year-over-year).
- 2013: Revenue of $38K, expenses of $55K, and assets of $832K (revenue +4.6% year-over-year).
- 2012: Revenue of $36K, expenses of $51K, and assets of $851K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mwa Iii Inc:
Data Sources and Methodology
This transparency report for Mwa Iii 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.