Financial Services Institute Inc
Financial Services Institute Inc consistently generates surpluses and has significantly grown its assets over the past decade.
EIN: 200587793 · Washington, DC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.1M |
| Total Expenses | $10.9M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $5.6M |
| Transparency Score | 85/100 |
Is Financial Services Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Financial Services Institute Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Financial Services Institute Inc
Financial Services Institute Inc (EIN: 200587793) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $12.1M and total assets of $15.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Financial Services Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Financial Services Institute Inc is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.0M |
| Total Expenses | $10.9M |
| Surplus / Deficit | +$75K |
| Total Assets | $15.7M |
| Total Liabilities | $10.1M |
| Net Assets | $5.6M |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 64.3% |
| Months of Reserves | 17.2 months |
Financial Health Grade: A
In 2023, Financial Services Institute Inc reported a surplus of $75K with revenue exceeding expenses, holds 17.2 months of operating reserves (strong position), has a debt-to-asset ratio of 64.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Financial Services Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | +5.6% | -0.7% |
| 2022 | +12.2% | +12.4% | +3.1% |
| 2021 | -11.4% | -7.2% | +5.4% |
| 2020 | +3.3% | +5.7% | -3.5% |
| 2019 | +4.1% | +5.4% | +14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Financial Services Institute Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Financial Services Institute Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.3%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filings, which is unusual for an organization of this size with over $10 million in annual revenue. This either indicates that executive compensation is not categorized under 'officer compensation' in this summary, or that the organization truly has no compensated officers, which would be a significant strength in terms of resource allocation.
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 Financial Services Institute Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
- Unusual consistent reporting of 0% officer compensation for an organization of this size, requiring further clarification
Strengths
The following positive indicators were identified for Financial Services Institute Inc:
- Consistent financial surpluses, indicating sound financial management (e.g., $75,120 surplus in 2023)
- Significant growth in assets over the past decade, from $4.8 million in 2014 to $15.6 million in 2023
- Steady revenue growth, demonstrating financial stability and increasing capacity
- Strong asset base relative to annual expenses, providing financial resilience
Frequently Asked Questions about Financial Services Institute Inc
Is Financial Services Institute Inc a legitimate charity?
Financial Services Institute Inc (EIN: 200587793) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Financial Services Institute Inc spend its money?
Financial Services Institute Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Financial Services Institute Inc tax-deductible?
Financial Services Institute Inc is registered as a tax-exempt nonprofit (EIN: 200587793). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Financial Services Institute Inc CEO make?
Financial Services Institute Inc's highest-compensated officer earns $10 annually. The organization reported $12.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Financial Services Institute Inc's spending goes to programs?
Financial Services Institute Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Financial Services Institute Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Financial Services Institute Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Financial Services Institute Inc located?
Financial Services Institute Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 200587793. It is classified under NTEE code S41.
How many years of IRS 990 filings does Financial Services Institute Inc have?
Financial Services Institute Inc has 13 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 $12.1M in total revenue.
How does Financial Services Institute Inc allocate its expenses between programs, administration, and fundraising?
Based on the provided summary data, a precise breakdown is not available. However, the organization consistently operates with a surplus (e.g., $75,120 in 2023), suggesting overall efficient management of its $10.9 million in expenses.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is notable. This could mean that executive compensation is reported under a different expense category, or that the organization genuinely has no compensated officers as defined by the IRS 990 summary data provided. Further investigation into the full 990 forms would clarify this.
What is the trend in the organization's liabilities?
Liabilities have generally increased in line with asset growth, from $4,395,504 in 2014 to $10,074,555 in 2023. This indicates that a significant portion of the organization's assets are offset by liabilities, which is common for organizations managing substantial operations.
Filing History
IRS 990 filing history for Financial Services Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Financial Services Institute Inc's revenue has grown by 180.3%, moving from $3.9M to $11.0M. Total assets increased by 308% over the same period, from $3.8M to $15.7M. Total functional expenses rose by 133.9%, from $4.7M to $10.9M. In its most recent filing year (2023), Financial Services Institute Inc reported a surplus of $75K, with revenue exceeding expenses. The organization holds $10.1M in liabilities against $15.7M in assets (debt-to-asset ratio: 64.3%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.0M | $10.9M | $15.7M | $10.1M | — | View 990 |
| 2022 | $10.6M | $10.3M | $15.8M | $10.3M | — | — |
| 2021 | $9.5M | $9.2M | $15.3M | $10.1M | — | View 990 |
| 2020 | $10.7M | $9.9M | $14.5M | $9.6M | — | — |
| 2019 | $10.4M | $9.4M | $15.1M | $10.9M | — | View 990 |
| 2018 | $10.0M | $8.9M | $13.1M | $9.9M | — | View 990 |
| 2017 | $9.6M | $9.0M | $6.3M | $4.1M | — | — |
| 2016 | $9.4M | $8.6M | $5.9M | $4.4M | — | View 990 |
| 2015 | $9.6M | $9.2M | $5.0M | $4.1M | — | View 990 |
| 2014 | $8.0M | $7.6M | $4.9M | $4.4M | — | View 990 |
| 2013 | $6.9M | $6.9M | $3.1M | $2.3M | — | View 990 |
| 2012 | $5.4M | $5.7M | $4.9M | $4.1M | — | View 990 |
| 2011 | $3.9M | $4.7M | $3.8M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.0M, expenses of $10.9M, and assets of $15.7M (revenue +3.4% year-over-year).
- 2022: Revenue of $10.6M, expenses of $10.3M, and assets of $15.8M (revenue +12.2% year-over-year).
- 2021: Revenue of $9.5M, expenses of $9.2M, and assets of $15.3M (revenue -11.4% year-over-year).
- 2020: Revenue of $10.7M, expenses of $9.9M, and assets of $14.5M (revenue +3.3% year-over-year).
- 2019: Revenue of $10.4M, expenses of $9.4M, and assets of $15.1M (revenue +4.1% year-over-year).
- 2018: Revenue of $10.0M, expenses of $8.9M, and assets of $13.1M (revenue +3.7% year-over-year).
- 2017: Revenue of $9.6M, expenses of $9.0M, and assets of $6.3M (revenue +2.6% year-over-year).
- 2016: Revenue of $9.4M, expenses of $8.6M, and assets of $5.9M (revenue -2.3% year-over-year).
- 2015: Revenue of $9.6M, expenses of $9.2M, and assets of $5.0M (revenue +19.0% year-over-year).
- 2014: Revenue of $8.0M, expenses of $7.6M, and assets of $4.9M (revenue +16.2% year-over-year).
- 2013: Revenue of $6.9M, expenses of $6.9M, and assets of $3.1M (revenue +28.7% year-over-year).
- 2012: Revenue of $5.4M, expenses of $5.7M, and assets of $4.9M (revenue +37.1% year-over-year).
- 2011: Revenue of $3.9M, expenses of $4.7M, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Financial Services Institute Inc:
Data Sources and Methodology
This transparency report for Financial Services Institute Inc 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.