Events Industry Council Foundation
Events Industry Council Foundation experiences fluctuating revenues and recent operational deficits, with no executive compensation.
EIN: 161671882 · Washington, DC · NTEE: S03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33K |
| Total Expenses | $294K |
| Program Spending | 80% |
| Net Assets | $188K |
| Transparency Score | 75/100 |
Is Events Industry Council Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Events Industry Council Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Events Industry Council Foundation
Events Industry Council Foundation (EIN: 161671882) is a nonprofit organization based in Washington, DC, classified under NTEE code S03. The organization reported total revenue of $33K and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Events Industry Council Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Events Industry Council Foundation is a micro nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $216K |
| Total Expenses | $294K |
| Surplus / Deficit | $-78,553 |
| Total Assets | $347K |
| Total Liabilities | $159K |
| Net Assets | $188K |
| Operating Margin | -36.4% |
| Debt-to-Asset Ratio | 45.7% |
| Months of Reserves | 14.1 months |
Financial Health Grade: B
In 2023, Events Industry Council Foundation reported a deficit of $79K with expenses exceeding revenue, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 45.7% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), Events Industry Council Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.8% | +73.9% | +46.9% |
| 2022 | -55.4% | +17.6% | -6.7% |
| 2021 | +379.4% | +405.0% | +538.2% |
| 2020 | +23.2% | +75.4% | -42.8% |
| 2019 | -27.9% | -85.5% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Events Industry Council Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Events Industry Council Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $79K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Events Industry Council Foundation's IRS 990 filings:
- Operational deficits in recent years (2023: -$78,553; 2022: -$17,063)
- Significant increase in liabilities from $22,600 in 2022 to $158,550 in 2023
Strengths
The following positive indicators were identified for Events Industry Council Foundation:
- Consistent 0% officer compensation, indicating strong commitment to mission and transparency
- Substantial asset growth from $39,647 in 2020 to $346,760 in 2023
- Demonstrated ability to generate significant revenue in some years (e.g., $341,020 in 2021)
Frequently Asked Questions about Events Industry Council Foundation
Is Events Industry Council Foundation a legitimate charity?
Events Industry Council Foundation (EIN: 161671882) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $33K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Events Industry Council Foundation spend its money?
Events Industry Council Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Events Industry Council Foundation tax-deductible?
Events Industry Council Foundation is registered as a tax-exempt nonprofit (EIN: 161671882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Events Industry Council Foundation's spending goes to programs?
Events Industry Council Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Events Industry Council Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Events Industry Council Foundation is above average for NTEE category S03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Events Industry Council Foundation located?
Events Industry Council Foundation is headquartered in Washington, Washington DC and files with the IRS under EIN 161671882. It is classified under NTEE code S03.
How many years of IRS 990 filings does Events Industry Council Foundation have?
Events Industry Council Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $33K in total revenue.
What caused the significant increase in liabilities from $22,600 in 2022 to $158,550 in 2023?
The provided data does not specify the nature of these liabilities, but this substantial increase warrants further investigation to understand the organization's financial obligations.
How does the organization plan to address the recurring operational deficits observed in 2022 and 2023?
In 2023, expenses ($294,313) exceeded revenue ($215,760), and in 2022, expenses ($169,213) exceeded revenue ($152,150). A strategy for achieving consistent surpluses would be beneficial.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While a general breakdown is estimated, the specific percentages from the IRS 990 filings would provide a clearer picture of spending efficiency.
Filing History
IRS 990 filing history for Events Industry Council Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Events Industry Council Foundation's revenue has grown by 82%, moving from $119K to $216K. Total assets increased by 101.6% over the same period, from $172K to $347K. Total functional expenses rose by 150.8%, from $117K to $294K. In its most recent filing year (2023), Events Industry Council Foundation reported a deficit of $79K, with expenses exceeding revenue. The organization holds $159K in liabilities against $347K in assets (debt-to-asset ratio: 45.7%), resulting in net assets of $188K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $216K | $294K | $347K | $159K | — | — |
| 2022 | $152K | $169K | $236K | $23K | — | View 990 |
| 2021 | $341K | $144K | $253K | $23K | — | View 990 |
| 2020 | $71K | $28K | $40K | $6K | — | View 990 |
| 2019 | $58K | $16K | $69K | $79K | — | — |
| 2018 | $80K | $112K | $72K | $123K | — | View 990 |
| 2017 | $337K | $337K | $122K | $141K | — | View 990 |
| 2016 | $68K | $89K | $1K | $20K | — | View 990 |
| 2015 | $0 | $97K | $2K | $0 | — | View 990 |
| 2014 | $0 | $105 | $99K | $80 | — | View 990 |
| 2013 | $119K | $117K | $172K | $73K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $216K, expenses of $294K, and assets of $347K (revenue +41.8% year-over-year).
- 2022: Revenue of $152K, expenses of $169K, and assets of $236K (revenue -55.4% year-over-year).
- 2021: Revenue of $341K, expenses of $144K, and assets of $253K (revenue +379.4% year-over-year).
- 2020: Revenue of $71K, expenses of $28K, and assets of $40K (revenue +23.2% year-over-year).
- 2019: Revenue of $58K, expenses of $16K, and assets of $69K (revenue -27.9% year-over-year).
- 2018: Revenue of $80K, expenses of $112K, and assets of $72K (revenue -76.2% year-over-year).
- 2017: Revenue of $337K, expenses of $337K, and assets of $122K (revenue +395.3% year-over-year).
- 2016: Revenue of $68K, expenses of $89K, and assets of $1K.
- 2015: Revenue of $0, expenses of $97K, and assets of $2K.
- 2014: Revenue of $0, expenses of $105, and assets of $99K (revenue -100.0% year-over-year).
- 2013: Revenue of $119K, expenses of $117K, and assets of $172K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Events Industry Council Foundation:
Data Sources and Methodology
This transparency report for Events Industry Council Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.