Iowa Quilt Museum is a 501(c)(3) organization based in Winterset, Iowa, registered in 2015, with $161,684 in FY2025 revenue. CharityIndex grades it B.
Revenue (FY2025)
$162K
▲ 40.2% vs prior year
Arts & Culture median: $159K
Expenses (FY2025)
$142K
Net assets
$354K
Employees
—
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 →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 Quilt Museum— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Quilt Museum: 30 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
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 Quilt Museum— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Quilt Museum: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $66K (FY2015) to $162K (FY2025) across 11 reported years.
Financial snapshot
Operating margin
12.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$435K
Total liabilities
$81K
Net assets
$354K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $161,684▲40.2% | $141,827▲4.6% | $353,748▲5.9% | $434,997▲4.1% | 990EZ |
| 2024 | $115,350▼25.8% | $135,577▼5.8% | $333,890▼5.7% | $417,852▼5.5% | 990EZ |
| 2023 | $155,555▲83.5% | $143,853▲32.2% | $354,118▲4.0% | $442,318▲0.9% | 990EZ |
| 2022 | $84,766▼23.6% | $108,781▼5.5% | $340,375▼6.6% | $438,244▼6.7% | 990EZ |
| 2021 | $110,925▲29.8% | $115,133▲46.5% | $364,390▼1.1% | $469,858▼3.0% | 990EZ |
| 2020 | $85,449▲29.9% | $78,586▼4.1% | $368,598▲1.5% | $484,488▲8.3% | 990EZ |
| 2019 | $65,762▼23.1% | $81,912▼9.1% | $363,153▼4.3% | $447,391▼5.2% | 990EZ |
| 2018 | $85,530▼50.3% | $90,078▲3.7% | $379,303▼1.2% | $472,035▼10.7% | 990EZ |
| 2017 | $172,022▼43.7% | $86,882▲33.3% | $383,851▲28.5% | $528,460▼5.3% | 990 |
| 2016 | $305,766▲361% | $65,198▲696% | $298,711▲414% | $558,110▲88.4% | 990 |
| 2015 | $66,333 | $8,190 | $58,143 | $296,269 | 990EZ |
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.
3 grants to Iowa Quilt Museum totaling $27K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Prairie Meadows Race Track & Casino Inc | Iowa quilt museum quilts of valor presentation. | 2017 | $2,000 |
| Community Fdn of Greater Des Moines | Grant distribution for museum exhibit space | 2016 | $25,000 |
| Community Fdn of Greater Des Moines | Grant distribution | 2016 | $494 |
Explore more
Data for Iowa Quilt Museum (EIN 47-4036015) 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.