Is Iri Innovative Resources For Independence Inc Legit?
Quick charity verification for Iri Innovative Resources For Independence Inc (EIN: 133490223)
Verdict: Iri Innovative Resources For Independence Inc appears trustworthy
88/100Mission Score
$54.7MRevenue
$80.2MAssets
1Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization with over $50 million in revenue, warranting further investigation into full 990 forms for detailed compensation schedules.
Strengths
Strong and consistent revenue growth, increasing from $20.6 million in 2014 to $56 million in 2023.
Healthy financial surpluses, with revenue consistently exceeding expenses (e.g., $56M revenue vs. $43.7M expenses in 2023).
Significant growth in assets, from $13.6 million in 2014 to $68.8 million in 2023, indicating financial stability and capacity.
Consistent reporting of financial data over 13 periods, demonstrating transparency in filing.
Spending Breakdown
How Iri Innovative Resources For Independence 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 Iri Innovative Resources For Independence Inc
Is Iri Innovative Resources For Independence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iri Innovative Resources For Independence Inc (EIN: 133490223) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Iri Innovative Resources For Independence Inc a good charity to donate to?
Iri Innovative Resources For Independence Inc has a Mission Score of 88/100. Revenue: $54.7M. Assets: $80.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Iri Innovative Resources For Independence Inc?
The Employer Identification Number (EIN) for Iri Innovative Resources For Independence Inc is 133490223. 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 Iri Innovative Resources For Independence Inc spend its money?
Iri Innovative Resources For Independence Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Iri Innovative Resources For Independence Inc's tax-exempt status?
You can verify Iri Innovative Resources For Independence Inc's tax-exempt status using EIN 133490223 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
Iri Innovative Resources For Independence Inc demonstrates strong financial health and consistent growth over the past decade. The organization's revenue has steadily increased from $20.6 million in 2014 to over $56 million in 2023, indicating robust fundraising or service delivery capabilities. Their asset base has also grown significantly, reaching $68.8 million in 2023, which provides a solid foundation for future operations. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this specific field, which would warrant further investigation into their full 990 forms for detailed compensation schedules. The organization consistently operates with a healthy surplus, with expenses significantly lower than revenue in recent years, for example, $43.7 million in expenses against $56 million in revenue in 2023, allowing for asset accumulation and program expansion.