Wayland Area Child Care Organization
EIN: 874808382 · Wayland, IA · NTEE: P33
| Metric | Value |
|---|---|
| Total Revenue | $617K |
| Total Expenses | $60K |
| Net Assets | $386K |
Is Wayland Area Child Care Organization Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wayland Area Child Care Organization
Wayland Area Child Care Organization (EIN: 874808382) is a nonprofit organization based in Wayland, IA, classified under NTEE code P33. The organization reported total revenue of $617K and total assets of $671K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wayland Area Child Care Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wayland Area Child Care Organization is a small nonprofit that has been operating for 3 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of -73.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $60K |
| Surplus / Deficit | $-36,663 |
| Total Assets | $561K |
| Total Liabilities | $175K |
| Net Assets | $386K |
| Operating Margin | -157.6% |
| Debt-to-Asset Ratio | 31.2% |
| Months of Reserves | 112.4 months |
Financial Health Grade: B
In 2024, Wayland Area Child Care Organization reported a deficit of $37K with expenses exceeding revenue, holds 112.4 months of operating reserves (strong position), has a debt-to-asset ratio of 31.2% (moderate leverage).
Financial Trends
Over 3 years of filings (2022–2024), Wayland Area Child Care Organization's revenue has declined at a compound annual growth rate (CAGR) of -73.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -79.9% | +323.8% | +7.3% |
| 2023 | -64.1% | +702.4% | +32.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1500 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wayland Area Child Care Organization has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wayland Area Child Care Organization with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.2%.
Frequently Asked Questions about Wayland Area Child Care Organization
Is Wayland Area Child Care Organization a legitimate charity?
Wayland Area Child Care Organization (EIN: 874808382) is a registered tax-exempt nonprofit based in Iowa. It has 3 years of IRS 990 filings on record. Total revenue: $617K. No red flags identified. Financial health grade: B.
How does Wayland Area Child Care Organization spend its money?
Wayland Area Child Care Organization reported $617K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wayland Area Child Care Organization tax-deductible?
Wayland Area Child Care Organization is registered as a tax-exempt nonprofit (EIN: 874808382). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wayland Area Child Care Organization located?
Wayland Area Child Care Organization is headquartered in Wayland, Iowa and files with the IRS under EIN 874808382. It is classified under NTEE code P33.
How many years of IRS 990 filings does Wayland Area Child Care Organization have?
Wayland Area Child Care Organization has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $617K in total revenue.
Filing History
IRS 990 filing history for Wayland Area Child Care Organization showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Wayland Area Child Care Organization's revenue has declined by 92.8%, moving from $323K to $23K. Total assets increased by 41.7% over the same period, from $396K to $561K. Total functional expenses rose by 3301%, from $2K to $60K. In its most recent filing year (2024), Wayland Area Child Care Organization reported a deficit of $37K, with expenses exceeding revenue. The organization holds $175K in liabilities against $561K in assets (debt-to-asset ratio: 31.2%), resulting in net assets of $386K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $23K | $60K | $561K | $175K | — | — |
| 2023 | $116K | $14K | $523K | $100K | — | View 990 |
| 2022 | $323K | $2K | $396K | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $23K, expenses of $60K, and assets of $561K (revenue -79.9% year-over-year).
- 2023: Revenue of $116K, expenses of $14K, and assets of $523K (revenue -64.1% year-over-year).
- 2022: Revenue of $323K, expenses of $2K, and assets of $396K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wayland Area Child Care Organization:
Data Sources and Methodology
This transparency report for Wayland Area Child Care Organization 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.