Quick charity verification for Local Initiatives Support Corporation (EIN: 133030229)
Verdict: Local Initiatives Support Corporation appears trustworthy
90/100Mission Score
$510.6MRevenue
$1.6BAssets
1Red Flags
5Strengths
Red Flags
Unusual 0% officer compensation reported, requiring further investigation into detailed filings.
Strengths
Consistent and substantial asset growth, reaching over $1.5 billion in 2023.
Strong revenue generation, with latest reported revenue over $373 million.
Efficient financial management, with expenses closely aligned with revenue in recent periods.
Significant scale and capacity to impact community development, as indicated by its large financial footprint.
Positive net assets, demonstrating long-term financial stability.
Spending Breakdown
How Local Initiatives Support Corporation 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 Local Initiatives Support Corporation
Is Local Initiatives Support Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Local Initiatives Support Corporation (EIN: 133030229) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Local Initiatives Support Corporation a good charity to donate to?
Local Initiatives Support Corporation has a Mission Score of 90/100. Revenue: $510.6M. Assets: $1.6B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local Initiatives Support Corporation?
The Employer Identification Number (EIN) for Local Initiatives Support Corporation is 133030229. 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 Local Initiatives Support Corporation spend its money?
Local Initiatives Support Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Local Initiatives Support Corporation's tax-exempt status?
You can verify Local Initiatives Support Corporation's tax-exempt status using EIN 133030229 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
Local Initiatives Support Corporation (LISC) demonstrates robust financial health and a strong commitment to its mission, as evidenced by its consistent growth in assets and revenue over the past decade. In the 2023 fiscal period, LISC reported revenues of $373,059,143 against expenses of $372,765,330, indicating efficient management of resources with a minimal operating surplus. The organization's assets have steadily increased, reaching $1,515,989,183 in 2023, reflecting a substantial capacity to support its community development initiatives. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a well-managed and impactful organization.
LISC's spending efficiency appears strong, with expenses closely tracking revenue in recent years, suggesting that funds are being deployed effectively to meet operational and programmatic needs. The consistent growth in assets, from $487,398,511 in 2014 to over $1.5 billion in 2023, indicates a healthy financial trajectory and an ability to build long-term capacity. The absence of reported officer compensation in the provided data is notable and could suggest a highly efficient use of funds or a different compensation structure not captured in this specific metric, which warrants further investigation for a complete transparency assessment.
Overall, LISC exhibits characteristics of a financially sound and mission-driven organization. Its significant scale and consistent growth in both revenue and assets underscore its capacity to make a substantial impact in community development. Further detailed analysis of functional expenses would provide a more granular understanding of its spending efficiency across programs, administration, and fundraising, but the available data points to a well-stewarded nonprofit.