Is Information Technology Industry Council Ltd Legit?
Quick charity verification for Information Technology Industry Council Ltd (EIN: 131954338)
Verdict: Information Technology Industry Council Ltd shows mixed signals
50/100Mission Score
$25.7MRevenue
$29.5MAssets
2Red Flags
3Strengths
Red Flags
Lack of detailed functional expense breakdown (program, admin, fundraising) prevents assessment of spending efficiency.
Unclear executive compensation reporting ('Officer Comp=0%') raises questions about transparency in leadership remuneration.
Strengths
Consistent revenue growth, from $11.3 million in 2014 to $21.6 million in 2023, indicating strong financial support.
Healthy asset accumulation, with assets growing from $8.4 million in 2014 to $27.4 million in 2023, demonstrating financial stability.
Consistent operating surplus, with revenues exceeding expenses in all reported periods (e.g., $21.6M revenue vs $20.9M expenses in 2023), indicating sound financial management.
Spending Breakdown
How Information Technology Industry Council Ltd allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Information Technology Industry Council Ltd
Is Information Technology Industry Council Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Information Technology Industry Council Ltd (EIN: 131954338) shows mixed signals. Mission Score: 50/100. 2 red flags identified, 3 strengths noted.
Is Information Technology Industry Council Ltd a good charity to donate to?
Information Technology Industry Council Ltd has a Mission Score of 50/100. Revenue: $25.7M. Assets: $29.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Information Technology Industry Council Ltd?
The Employer Identification Number (EIN) for Information Technology Industry Council Ltd is 131954338. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Information Technology Industry Council Ltd spend its money?
Information Technology Industry Council Ltd allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Information Technology Industry Council Ltd's tax-exempt status?
You can verify Information Technology Industry Council Ltd's tax-exempt status using EIN 131954338 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Information Technology Industry Council Ltd (ITIC) demonstrates consistent financial growth and a strong asset base, with assets growing from $8.1 million in 2015 to over $27.4 million in 2023. The organization consistently operates with a surplus, as seen in the 2023 period where revenue of $21.6 million exceeded expenses of $20.9 million. This indicates sound financial management and an ability to build reserves. However, the provided data lacks a detailed breakdown of functional expenses (program, administrative, fundraising), which is crucial for a comprehensive assessment of spending efficiency and transparency. Without this information, it's challenging to determine how effectively donor funds are being allocated to direct programmatic activities versus overhead.