Charity Search / IOWA FOUNDATION FOR MICROENTERPRISE AND COMMUNITY VITALITY
Community Improvement (S30) 990 on File

IOWA FOUNDATION FOR MICROENTERPRISE AND COMMUNITY VITALITY

EIN: 26-2238918 · BOONE, IA 50036-2921 · United States · FY 2024 Data
3 out of 5 52 / 100 Based on 2+ years of filings
Financial strength (30%) 76/100
Reliability (20%) 50/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$89K
Total Revenue
$236K
Total Expenses
$634K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 85.4%
Fundraising Efficiency N/A
Operating Reserve 32.22x
Liability-to-Asset 60.8%
Revenue Diversification 53.9%
Compared with Peers
FY 2024
Compared with 4,285 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
85.4% 83.7%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
14.6% 13.2%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
32.2 mo 11.3 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
60.8% 3.1%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
53.9% 92.2%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-77.2% 7.1%
P10P90
Expense growth
Year over year expense growth
-33.4% 9.1%
P10P90
Surplus margin
Surplus as a share of revenue
-165.0% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $89K $236K $634K 85.4% 0
2023 $391K $355K $780K 82.7% 6
2022 $551K $340K $744K 73.5% 6
2021 $365K $371K N/A — 6
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Organization Details
EIN
26-2238918
State
IA
City
BOONE
ZIP
50036-2921
Classification
S30
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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