Community Improvement (S31) IRS Verified DX Registered 990 on File

NEWBO CITY MARKET

EIN: 27-0600567 · CEDAR RAPIDS, IA 52401-2306 · United States · FY 2024 Data

3 out of 5 49 / 100 Based on 2+ years of filings

Financial strength (30%) 75/100

Reliability (20%) 50/100

Effectiveness (25%) 65/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

NewBo City Market is a nonprofit organization showcasing our community’s assets, inspiration, and potential by cultivating new businesses and entrepreneurship and by supporting local artists and artisans, harnessing the power of culture and creativity to drive economic growth and to build the character and quality of our community.

Financial Overview — FY 2024

$2.5M

Total Revenue

$1.1M

Total Expenses

$3.5M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 58.8%

Fundraising Efficiency N/A

Operating Reserve 36.94x

Liability-to-Asset 14.0%

Revenue Diversification 74.8%

Executive Compensation $108K

Compared with Peers

FY 2024

Compared with 1,625 similar organizations (United States, Community Improvement, $1M–$10M 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	58.8%	85.2%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	34.4%	11.8%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	6.7%	0.1%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	36.9 mo	9.7 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	14.0%	21.0%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	74.8%	90.7%	P10P90	Above median
Revenue growth Year over year revenue growth	131.9%	8.8%	P10P90
Expense growth Year over year expense growth	7.0%	10.1%	P10P90
Surplus margin Surplus as a share of revenue	54.0%	1.6%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$2.5M	$1.1M	$3.5M	58.8%	30
2023	$1.1M	$1.1M	$2.2M	59.4%	26
2022	$1.4M	$1.2M	$2.2M	70.9%	31
2021	$820K	$888K	N/A	—	29

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Organization Details

EIN: 27-0600567
State: IA
City: CEDAR RAPIDS
ZIP: 52401-2306
Classification: S31
Category: Community Improvement
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2010
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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