Poweshiek Iowa Development
Poweshiek Iowa Development faces significant revenue decline despite stable assets and zero executive compensation.
EIN: 201423354 · Grinnell, IA · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $28K |
| Program Spending | 80% |
| Net Assets | $426K |
| Transparency Score | 75/100 |
Is Poweshiek Iowa Development Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Poweshiek Iowa Development directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Poweshiek Iowa Development
Poweshiek Iowa Development (EIN: 201423354) is a nonprofit organization based in Grinnell, IA, classified under NTEE code S30. The organization reported total revenue of $3K and total assets of $424K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Poweshiek Iowa Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Poweshiek Iowa Development is a micro nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $28K |
| Surplus / Deficit | +$634 |
| Total Assets | $426K |
| Net Assets | $426K |
| Operating Margin | 2.2% |
| Months of Reserves | 182.1 months |
Financial Health Grade: A
In 2023, Poweshiek Iowa Development reported a surplus of $634 with revenue exceeding expenses, holds 182.1 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Poweshiek Iowa Development's revenue has declined at a compound annual growth rate (CAGR) of -12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.2% | +367.9% | +0.1% |
| 2022 | -80.8% | -71.3% | -0.3% |
| 2021 | -13.1% | -74.3% | +18.4% |
| 2020 | -2.8% | -0.9% | +9.4% |
| 2019 | -17.0% | -54.7% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Poweshiek Iowa Development with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Poweshiek Iowa Development allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $634, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% of expenses across all filing periods, indicating a volunteer-led organization or one with no paid officers, which is highly favorable for donor trust and efficiency.
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 Poweshiek Iowa Development's IRS 990 filings:
- Significant and sustained decline in annual revenue, from $138,222 in 2015 to $3,072 in the latest period, raising sustainability concerns.
- Expenses exceeded revenue in some years (e.g., 2018: $181,863 expenses vs. $124,322 revenue), indicating potential reliance on reserves or prior year surpluses.
Strengths
The following positive indicators were identified for Poweshiek Iowa Development:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven model and high efficiency in executive pay.
- Stable and growing asset base, increasing from $214,407 in 2014 to $426,269 in 2023, providing financial stability.
- Generally low or zero liabilities reported across most years, suggesting sound financial management.
Frequently Asked Questions about Poweshiek Iowa Development
Is Poweshiek Iowa Development a legitimate charity?
Poweshiek Iowa Development (EIN: 201423354) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $3K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Poweshiek Iowa Development spend its money?
Poweshiek Iowa Development directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Poweshiek Iowa Development tax-deductible?
Poweshiek Iowa Development is registered as a tax-exempt nonprofit (EIN: 201423354). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Poweshiek Iowa Development's spending goes to programs?
Poweshiek Iowa Development directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Poweshiek Iowa Development compare to similar nonprofits?
With a transparency score of 75/100 (Good), Poweshiek Iowa Development is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Poweshiek Iowa Development located?
Poweshiek Iowa Development is headquartered in Grinnell, Iowa and files with the IRS under EIN 201423354. It is classified under NTEE code S30.
How many years of IRS 990 filings does Poweshiek Iowa Development have?
Poweshiek Iowa Development 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 $3K in total revenue.
What caused the significant decline in revenue from $138,222 in 2015 to $3,072 in the latest period?
The provided data does not specify the reasons for the revenue decline. This would require reviewing the full IRS 990 forms for detailed explanations of funding sources and changes.
How does Poweshiek Iowa Development sustain its operations with such low recent revenue?
With the latest reported revenue at $3,072 and assets at $423,898, the organization likely relies on its accumulated assets or other unreported income streams to cover any operational costs, especially given the zero officer compensation.
What are the specific program activities funded by Poweshiek Iowa Development?
The NTEE code S30 indicates 'Community & Economic Development,' but the provided financial summary does not detail specific program activities or their associated costs. This information would be found in the full IRS 990 filing.
Filing History
IRS 990 filing history for Poweshiek Iowa Development showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Poweshiek Iowa Development's revenue has declined by 75.6%, moving from $118K to $29K. Total assets increased by 179.5% over the same period, from $152K to $426K. Total functional expenses fell by 76.7%, from $120K to $28K. In its most recent filing year (2023), Poweshiek Iowa Development reported a surplus of $634, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29K | $28K | $426K | $0 | — | — |
| 2022 | $17K | $6K | $426K | $0 | — | — |
| 2021 | $87K | $21K | $427K | $12K | — | — |
| 2020 | $100K | $82K | $361K | $12K | — | View 990 |
| 2019 | $103K | $82K | $330K | $0 | — | View 990 |
| 2018 | $124K | $182K | $309K | $0 | — | View 990 |
| 2017 | $132K | $77K | $367K | $0 | — | View 990 |
| 2016 | $118K | $82K | $312K | $0 | — | View 990 |
| 2015 | $138K | $76K | $277K | $0 | — | View 990 |
| 2014 | $122K | $68K | $214K | $0 | — | View 990 |
| 2013 | $117K | $109K | $160K | $0 | — | View 990 |
| 2012 | $118K | $120K | $152K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29K, expenses of $28K, and assets of $426K (revenue +71.2% year-over-year).
- 2022: Revenue of $17K, expenses of $6K, and assets of $426K (revenue -80.8% year-over-year).
- 2021: Revenue of $87K, expenses of $21K, and assets of $427K (revenue -13.1% year-over-year).
- 2020: Revenue of $100K, expenses of $82K, and assets of $361K (revenue -2.8% year-over-year).
- 2019: Revenue of $103K, expenses of $82K, and assets of $330K (revenue -17.0% year-over-year).
- 2018: Revenue of $124K, expenses of $182K, and assets of $309K (revenue -5.8% year-over-year).
- 2017: Revenue of $132K, expenses of $77K, and assets of $367K (revenue +12.0% year-over-year).
- 2016: Revenue of $118K, expenses of $82K, and assets of $312K (revenue -14.8% year-over-year).
- 2015: Revenue of $138K, expenses of $76K, and assets of $277K (revenue +13.7% year-over-year).
- 2014: Revenue of $122K, expenses of $68K, and assets of $214K (revenue +3.8% year-over-year).
- 2013: Revenue of $117K, expenses of $109K, and assets of $160K (revenue -0.4% year-over-year).
- 2012: Revenue of $118K, expenses of $120K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Poweshiek Iowa Development:
Data Sources and Methodology
This transparency report for Poweshiek Iowa Development 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.