Iowa Area Development Group L C
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Iowa Area Development Group L C is a 501(c)(6) organization based in Des Moines, Iowa, registered in 2021, with $1,785,569 in FY2024 revenue. CharityIndex grades it B.
2600 Grand Ave Ste 430, Des Moines, IA, 50312 EIN 42-1432150 Since 2021
Revenue (FY2024)
$1.8M
▼ 23.7% vs prior year
Expenses (FY2024)
$1.8M
Net assets
$1.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Iowa Area Development Group L C— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Iowa Area Development Group L C: 9 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Iowa Area Development Group L C— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Iowa Area Development Group L C: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2600 Grand Ave Ste 430, Des Moines, IA, 50312
- City
- Des Moines
- State
- Iowa
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $1.4M (FY2021) to $1.8M (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.0MNet assets $1.4M
Operating margin
-1.6%
Spent more than it raised in the latest fiscal year.
Total assets
$3.4M
Total liabilities
$2.0M
Net assets
$1.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,785,569▼23.7% | $1,814,022▼5.9% | $1,388,211▼2.0% | $3,423,353▲14.6% | 990 |
| 2023 | $2,341,480▲1.5% | $1,927,564▲2.5% | $1,416,664▲41.3% | $2,986,424▲13.3% | 990 |
| 2022 | $2,307,769▲66.5% | $1,880,567▲29.5% | $1,002,748▲74.2% | $2,635,167▼0.3% | 990 |
| 2021 | $1,385,856 | $1,452,639 | $575,546 | $2,642,463 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Iowa Area Development Group L C a legitimate nonprofit?
- Yes. Iowa Area Development Group L C is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 42-1432150, based in Des Moines, Iowa.
- What is Iowa Area Development Group L C's EIN?
- Iowa Area Development Group L C's Employer Identification Number (EIN) is 42-1432150.
- How much revenue does Iowa Area Development Group L C report?
- Iowa Area Development Group L C reported $1,785,569 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Iowa Area Development Group L C have?
- CharityIndex grades Iowa Area Development Group L C B, based on financial health (reserves and operating margin).
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Data for Iowa Area Development Group L C (EIN 42-1432150) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.