Finger Lakes Independence Center

Finger Lakes Independence Center shows consistent growth and zero reported officer compensation over a decade.

EIN: 161330345 · Ithaca, NY · NTEE: P82 · Updated: 2026-03-28

$7.5MRevenue

$5.9MAssets

92/100Mission Score (Excellent)

P82

About Finger Lakes Independence Center

Finger Lakes Independence Center (EIN: 161330345) is a nonprofit organization based in Ithaca, NY, classified under NTEE code P82. The organization reported total revenue of $7.5M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Finger Lakes Independence Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Finger Lakes Independence Center demonstrates a consistent financial history with steady growth in revenue and assets over the past decade. For instance, revenue grew from $2,421,220 in 2014 to $5,124,991 in 2023, and assets increased from $2,011,673 to $4,298,780 in the same period. The organization generally operates with expenses closely aligned to or slightly exceeding revenue in recent years, as seen in 2023 where expenses were $5,274,947 against revenue of $5,124,991. This indicates a focus on utilizing funds for current operations rather than accumulating large surpluses.

Spending efficiency appears strong, particularly given the consistent 0% reported officer compensation across all available filings. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which is a positive indicator for resource allocation directly to mission-related activities. The low liabilities relative to assets, such as $43,191 in liabilities against $4,298,780 in assets in 2023, also points to sound financial management and minimal debt burden.

Transparency is bolstered by the consistent filing of IRS Form 990s, with 13 filings available, indicating a commitment to public disclosure. The absence of reported officer compensation is a significant transparency point, as it removes a common area of concern for donors regarding executive pay. Overall, the financial data suggests a well-managed organization with a strong focus on its mission and efficient use of resources.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Finger Lakes Independence Center with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Finger Lakes Independence Center allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through mechanisms not classified as officer compensation on the IRS 990, which is highly favorable for 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.

Strengths

The following positive indicators were identified for Finger Lakes Independence Center:

Consistent revenue and asset growth over a decade (e.g., revenue from $2.4M in 2014 to $5.1M in 2023).
Zero reported officer compensation across all 13 filings, indicating high efficiency in leadership costs.
Low liabilities relative to assets (e.g., $43,191 liabilities vs. $4,298,780 assets in 2023), suggesting strong financial stability.
Consistent filing of IRS 990s, demonstrating transparency.
Expenses generally align closely with revenue, indicating efficient use of funds for current operations.

Frequently Asked Questions about Finger Lakes Independence Center

Is Finger Lakes Independence Center a good charity?

Based on its financial data, Finger Lakes Independence Center appears to be a good charity. It demonstrates consistent growth, strong asset management, and notably reports 0% officer compensation across all available filings, suggesting a high dedication of resources to its mission.

How has the organization's revenue grown over time?

The organization has shown significant revenue growth, increasing from $2,421,220 in 2014 to $5,124,991 in 2023, more than doubling its income over a decade.

What is the organization's approach to executive compensation?

Finger Lakes Independence Center consistently reports 0% officer compensation, indicating a highly efficient approach to leadership costs, potentially relying on volunteer leadership or alternative compensation structures not reported in this category.

Are the organization's expenses under control?

Expenses are generally well-controlled and closely aligned with revenue. For example, in 2023, expenses were $5,274,947 against revenue of $5,124,991, showing that funds are being utilized for current operations without significant accumulation of surpluses or deficits.

What is the trend in the organization's assets?

The organization's assets have shown consistent growth, increasing from $2,011,673 in 2014 to $4,298,780 in 2023, indicating sound financial health and capacity building.

Filing History

IRS 990 filing history for Finger Lakes Independence Center showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Finger Lakes Independence Center's revenue has grown by 143.4%, moving from $2.1M to $5.1M. Total assets increased by 118.8% over the same period, from $2.0M to $4.3M. Total functional expenses rose by 164.4%, from $2.0M to $5.3M. In its most recent filing year (2023), Finger Lakes Independence Center reported a deficit of $150K, with expenses exceeding revenue. The organization holds $43K in liabilities against $4.3M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $4.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.1M	$5.3M	$4.3M	$43K	—	View 990
2022	$5.5M	$4.8M	$4.4M	$25K	—	View 990
2021	$5.3M	$4.8M	$3.8M	$17K	—	View 990
2020	$5.3M	$4.4M	$3.3M	$141K	—	View 990
2019	$4.2M	$3.8M	$2.3M	$33K	—	View 990
2018	$3.3M	$3.2M	$1.8M	$29K	—	View 990
2017	$2.8M	$2.9M	$1.7M	$24K	—	View 990
2016	$2.2M	$2.4M	$1.7M	$22K	—	View 990
2015	$2.4M	$2.4M	$1.9M	$23K	—	View 990
2014	$2.4M	$2.2M	$2.0M	$109K	—	View 990
2013	$2.0M	$2.1M	$1.8M	$134K	—	View 990
2012	$2.1M	$2.1M	$1.9M	$138K	—	View 990
2011	$2.1M	$2.0M	$2.0M	$156K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5.1M, expenses of $5.3M, and assets of $4.3M (revenue -6.6% year-over-year).
2022: Revenue of $5.5M, expenses of $4.8M, and assets of $4.4M (revenue +2.7% year-over-year).
2021: Revenue of $5.3M, expenses of $4.8M, and assets of $3.8M (revenue +0.6% year-over-year).
2020: Revenue of $5.3M, expenses of $4.4M, and assets of $3.3M (revenue +27.5% year-over-year).
2019: Revenue of $4.2M, expenses of $3.8M, and assets of $2.3M (revenue +26.8% year-over-year).
2018: Revenue of $3.3M, expenses of $3.2M, and assets of $1.8M (revenue +15.3% year-over-year).
2017: Revenue of $2.8M, expenses of $2.9M, and assets of $1.7M (revenue +27.2% year-over-year).
2016: Revenue of $2.2M, expenses of $2.4M, and assets of $1.7M (revenue -6.1% year-over-year).
2015: Revenue of $2.4M, expenses of $2.4M, and assets of $1.9M (revenue -1.5% year-over-year).
2014: Revenue of $2.4M, expenses of $2.2M, and assets of $2.0M (revenue +20.2% year-over-year).
2013: Revenue of $2.0M, expenses of $2.1M, and assets of $1.8M (revenue -5.0% year-over-year).
2012: Revenue of $2.1M, expenses of $2.1M, and assets of $1.9M (revenue +0.8% year-over-year).
2011: Revenue of $2.1M, expenses of $2.0M, and assets of $2.0M.

Data Sources and Methodology

This transparency report for Finger Lakes Independence Center 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.