The Igloo
The Igloo consistently maintains a strong asset base and reports no officer compensation, demonstrating financial prudence.
EIN: 201454439 · Elko, NV · NTEE: N30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $195K |
| Total Expenses | $144K |
| Program Spending | 90% |
| Net Assets | $917K |
| Transparency Score | 92/100 |
Is The Igloo Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Igloo directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Igloo
The Igloo (EIN: 201454439) is a nonprofit organization based in Elko, NV, classified under NTEE code N30. The organization reported total revenue of $195K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Igloo's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Igloo is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $144K |
| Surplus / Deficit | +$40K |
| Total Assets | $1.0M |
| Total Liabilities | $120K |
| Net Assets | $917K |
| Operating Margin | 21.9% |
| Debt-to-Asset Ratio | 11.6% |
| Months of Reserves | 86.4 months |
Financial Health Grade: A
In 2023, The Igloo reported a surplus of $40K with revenue exceeding expenses, holds 86.4 months of operating reserves (strong position), has a debt-to-asset ratio of 11.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Igloo's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.0% | +27.1% | +6.7% |
| 2022 | +130.8% | +111.5% | +28.4% |
| 2021 | +89.0% | +4.6% | +6.0% |
| 2020 | -69.6% | -4.8% | +4.8% |
| 2019 | +110.9% | -14.5% | +24.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 The Igloo 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, The Igloo 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 $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual and suggests a volunteer-led or extremely lean operational model.
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 The Igloo:
- Consistent asset growth, from $681,881 in 2019 to $1,037,802 in 2023.
- Zero reported officer compensation across all 13 filings, indicating high efficiency and dedication.
- Regularly generates financial surpluses, such as $40,374 in 2023 ($184,519 revenue - $144,145 expenses).
- Strong financial health with assets significantly exceeding liabilities ($1,037,802 vs $120,322 in 2023).
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about The Igloo
Is The Igloo a legitimate charity?
The Igloo (EIN: 201454439) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $195K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does The Igloo spend its money?
The Igloo directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to The Igloo tax-deductible?
The Igloo is registered as a tax-exempt nonprofit (EIN: 201454439). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Igloo's spending goes to programs?
The Igloo directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Igloo compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Igloo is above average for NTEE category N30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Igloo located?
The Igloo is headquartered in Elko, Nevada and files with the IRS under EIN 201454439. It is classified under NTEE code N30.
How many years of IRS 990 filings does The Igloo have?
The Igloo 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 $195K in total revenue.
Is The Igloo a good charity?
Based on the available financial data, The Igloo appears to be a very good charity. It consistently maintains a healthy financial position, grows its assets, and most notably, reports 0% officer compensation, suggesting a strong dedication to its mission and efficient use of funds.
How has The Igloo's financial health changed over time?
The Igloo's financial health has significantly improved over time. Assets have grown from $681,881 in 2019 to over $1 million in 2023, and the organization has consistently generated surpluses in most recent years, indicating strong financial management and growth.
What is The Igloo's approach to executive compensation?
The Igloo's approach to executive compensation is highly conservative, reporting 0% officer compensation across all 13 available filings. This indicates that its leadership is likely volunteer-based or compensated through other means not reported as officer compensation on the 990, maximizing funds for programs.
Does The Igloo have sufficient reserves?
With assets of $1,037,802 and liabilities of $120,322 in 2023, The Igloo appears to have substantial reserves. Its assets are significantly higher than its annual expenses (e.g., $144,145 in 2023), providing a strong financial cushion.
Filing History
IRS 990 filing history for The Igloo showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Igloo's revenue has grown by 84.5%, moving from $100K to $185K. Total assets increased by 60.7% over the same period, from $646K to $1.0M. Total functional expenses rose by 200.2%, from $48K to $144K. In its most recent filing year (2023), The Igloo reported a surplus of $40K, with revenue exceeding expenses. The organization holds $120K in liabilities against $1.0M in assets (debt-to-asset ratio: 11.6%), resulting in net assets of $917K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $185K | $144K | $1.0M | $120K | — | — |
| 2022 | $275K | $113K | $972K | $95K | — | View 990 |
| 2021 | $119K | $54K | $758K | $43K | — | View 990 |
| 2020 | $63K | $51K | $715K | $65K | — | View 990 |
| 2019 | $208K | $54K | $682K | $44K | — | View 990 |
| 2018 | $98K | $63K | $549K | $65K | — | View 990 |
| 2017 | $55K | $58K | $533K | $85K | — | View 990 |
| 2016 | $82K | $65K | $625K | $173K | — | View 990 |
| 2015 | $69K | $59K | $620K | $186K | — | View 990 |
| 2014 | $45K | $54K | $622K | $197K | — | View 990 |
| 2013 | $73K | $56K | $642K | $208K | — | View 990 |
| 2012 | $57K | $58K | $636K | $218K | — | View 990 |
| 2011 | $100K | $48K | $646K | $228K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $185K, expenses of $144K, and assets of $1.0M (revenue -33.0% year-over-year).
- 2022: Revenue of $275K, expenses of $113K, and assets of $972K (revenue +130.8% year-over-year).
- 2021: Revenue of $119K, expenses of $54K, and assets of $758K (revenue +89.0% year-over-year).
- 2020: Revenue of $63K, expenses of $51K, and assets of $715K (revenue -69.6% year-over-year).
- 2019: Revenue of $208K, expenses of $54K, and assets of $682K (revenue +110.9% year-over-year).
- 2018: Revenue of $98K, expenses of $63K, and assets of $549K (revenue +79.1% year-over-year).
- 2017: Revenue of $55K, expenses of $58K, and assets of $533K (revenue -32.8% year-over-year).
- 2016: Revenue of $82K, expenses of $65K, and assets of $625K (revenue +18.6% year-over-year).
- 2015: Revenue of $69K, expenses of $59K, and assets of $620K (revenue +54.6% year-over-year).
- 2014: Revenue of $45K, expenses of $54K, and assets of $622K (revenue -39.0% year-over-year).
- 2013: Revenue of $73K, expenses of $56K, and assets of $642K (revenue +27.3% year-over-year).
- 2012: Revenue of $57K, expenses of $58K, and assets of $636K (revenue -42.6% year-over-year).
- 2011: Revenue of $100K, expenses of $48K, and assets of $646K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Igloo:
Data Sources and Methodology
This transparency report for The Igloo 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.