Is Institute For College Access And Success Inc Legit?
Quick charity verification for Institute For College Access And Success Inc (EIN: 201368860)
Verdict: Institute For College Access And Success Inc appears trustworthy
90/100Mission Score
$6.1MRevenue
$6.6MAssets
2Red Flags
5Strengths
Red Flags
Slight operational deficit in the most recent period (202312), with expenses exceeding revenue by $101,300.
Unusually low or zero reported officer compensation, which might indicate compensation is reported in other categories or that the organization relies heavily on pro bono leadership.
Strengths
Strong and growing asset base, reaching $6,350,544 in 202312.
Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to programs.
Significant revenue growth from $1.77 million in 202012 to over $5.1 million in 202312.
Positive net assets, with assets consistently exceeding liabilities by a substantial margin.
Spending Breakdown
How Institute For College Access And Success Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Institute For College Access And Success Inc
Is Institute For College Access And Success Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute For College Access And Success Inc (EIN: 201368860) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Institute For College Access And Success Inc a good charity to donate to?
Institute For College Access And Success Inc has a Mission Score of 90/100. Revenue: $6.1M. Assets: $6.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Institute For College Access And Success Inc?
The Employer Identification Number (EIN) for Institute For College Access And Success Inc is 201368860. 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 Institute For College Access And Success Inc spend its money?
Institute For College Access And Success Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Institute For College Access And Success Inc's tax-exempt status?
You can verify Institute For College Access And Success Inc's tax-exempt status using EIN 201368860 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 Institute For College Access And Success Inc (TICAS) demonstrates a generally sound financial position with consistent revenue streams and healthy asset levels. In the most recent filing (202312), TICAS reported revenues of $5,167,138 against expenses of $5,268,438, indicating a slight operational deficit for that period. However, their assets remain robust at $6,350,544, significantly exceeding liabilities of $765,157, suggesting good financial stability. Over the past few years, TICAS has shown growth in both revenue and assets, with a notable increase in revenue from $1,770,225 in 202012 to over $5 million in 202312. This growth, coupled with a consistent lack of reported officer compensation, points to a strong commitment to program spending and efficient use of funds. The organization's NTEE code B90 (Education Policy & Reform) aligns with its mission, and the financial data supports a focus on its programmatic goals.