Iowa Center Loan Fund

Iowa Center Loan Fund is a registered community development nonprofit based in Des Moines, IA, United States. It is registered with the Internal Revenue Service (IRS). It was founded in 2021 and has been operating for 5 years. Its EIN is 862366457. According to GiveRadar's records, it holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. GiveRadar's Integrity Assessment for the organization is 86/100, which reflects how much public information is available, not whether the charity is legitimate. The organization reports $369K in annual revenue. 32 officers and directors are publicly disclosed. No red flags have been detected.

Iowa Center Loan Fund's EIN (Employer Identification Number) is 862366457. This is the organization's IRS tax identification number; you can use it to verify tax-exempt status and to look up its Form 990 filings with the IRS.

Iowa Center Loan Fund has a GiveRadar Integrity Assessment of 86/100. This score combines five components: Registration (20 pts), Financial Transparency (30 pts), Governance (20 pts), Contact Availability (10 pts), and Data Recency (20 pts), with negative adjustments for any red flags. A score of 86 ('Strong transparency') reflects well-documented governance, recent financials, named leadership, and working contact details. The charity allocates 100% of expenses to programs, which contributes positively to its score. For comparison, the average integrity assessment for community development charities in United States is 90/100.

Iowa Center Loan Fund is located in Des Moines, IA, United States. The organization was established in 2021 and has been active for 5 years.

Based on official tax filings, Iowa Center Loan Fund has $369K in annual revenue. It allocates 100% of expenses to programs and services. This is above the average of 81% for community development charities in United States. Its revenue is below the peer average of $3M. Create a free GiveRadar account to view the complete financial breakdown with year-over-year trends.

Iowa Center Loan Fund is classified as a Community Development organization, registered in United States. It operates as a Publicly-supported charity (509(a)(2)). By size, it is categorized as a small organization. It has $369K in annual revenue. The organization has 32 disclosed officers and directors.

No red flags have been detected for Iowa Center Loan Fund. GiveRadar automatically screens charities for concerning patterns including high executive compensation, low program spending, and missing financial filings. Based on available official data, no issues have been identified.

According to GiveRadar's records, Iowa Center Loan Fund holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. It is registered with the Internal Revenue Service (IRS). It reports that 100% of expenses go to programs (the peer average is 81%). You can donate directly through their official donation page linked on their GiveRadar profile. GiveRadar provides data for research and does not endorse any organization. A GiveRadar Integrity Assessment reflects how much public data is available, not whether an organization is safe to donate to, so it is always smart to do your own research before giving.

The organization provides new or growing small businesses with access to capital. The program provides fixed interest rate loans with up to 5-year terms and no down payments required. As of june 30, 2022, 9 businesses had loans through the organization. Iowa Center Loan Fund is classified as a community development organization registered in United States. The organization was founded in 2021.

Among community development charities registered in United States: It allocates 100% of expenses to programs, above the peer average of 81%. Its annual revenue of $369K is below the peer average of $3M.

Yes, donations to Iowa Center Loan Fund are generally tax-deductible in the United States. Iowa Center Loan Fund is a 501(c)(3) tax-exempt organization. Its EIN is 862366457, which you can use for tax filing purposes. Donors can typically deduct contributions on their federal income tax return if they itemize deductions. Consult a tax professional for guidance specific to your situation.