Is Initiative For A Competitive Inner City Inc Legit?
Quick charity verification for Initiative For A Competitive Inner City Inc (EIN: 133772904)
Verdict: Initiative For A Competitive Inner City Inc appears trustworthy
85/100Mission Score
$10.9MRevenue
$13.7MAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($9,667,573 vs. $9,070,017), indicating a deficit for that year.
Expenses also exceeded revenue in 2018 ($5,824,778 vs. $5,543,213), showing a recurring pattern of occasional deficits.
Strengths
Consistent and significant asset growth over the past decade, from $4.5M in 2014 to $11.6M in 2023.
Zero reported officer compensation across all 13 available filings, indicating strong resource allocation to programs.
Long history of operations with 13 years of publicly available IRS 990 filings, demonstrating transparency.
Substantial revenue base, with latest reported revenue at $10,872,120, indicating significant operational capacity.
Spending Breakdown
How Initiative For A Competitive Inner City Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Initiative For A Competitive Inner City Inc
Is Initiative For A Competitive Inner City Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Initiative For A Competitive Inner City Inc (EIN: 133772904) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Initiative For A Competitive Inner City Inc a good charity to donate to?
Initiative For A Competitive Inner City Inc has a Mission Score of 85/100. Revenue: $10.9M. Assets: $13.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Initiative For A Competitive Inner City Inc?
The Employer Identification Number (EIN) for Initiative For A Competitive Inner City Inc is 133772904. 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 Initiative For A Competitive Inner City Inc spend its money?
Initiative For A Competitive Inner City Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Initiative For A Competitive Inner City Inc's tax-exempt status?
You can verify Initiative For A Competitive Inner City Inc's tax-exempt status using EIN 133772904 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
Initiative For A Competitive Inner City Inc (ICIC) demonstrates a generally stable financial position, with assets consistently growing over the past decade, reaching $11,620,463 in 2023. While revenue has fluctuated, peaking at $11,628,829 in 2022, the organization has managed its expenses, though the 2023 filing shows expenses ($9,667,573) exceeding revenue ($9,070,017), indicating a slight deficit for that year. This trend of expenses sometimes outpacing revenue, as seen in 2023 and 2018, warrants monitoring.
Regarding spending efficiency, without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data, a precise assessment is challenging. However, the consistent growth in assets suggests effective management of resources over the long term. The organization's transparency appears strong given the availability of 13 years of IRS 990 filings, and the reported 0% officer compensation across all available filings is a notable positive indicator of resource allocation towards the mission rather than executive pay.
Overall, ICIC appears to be a financially sound organization with a long history of operations and asset growth. The recent deficit in 2023 should be observed in future filings, but it does not immediately suggest a critical financial health issue given the substantial asset base. The lack of reported officer compensation is a significant strength in terms of financial transparency and mission focus.