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
| Metric | Value |
|---|---|
| Total Revenue | $7.5M |
| Total Expenses | $5.3M |
| Program Spending | 90% |
| Net Assets | $4.3M |
| Transparency Score | 92/100 |
Search Intent Cockpit
Finger Lakes Independence Center Form 990, Revenue, CEO Pay, and IRS Filing Signals
Finger Lakes Independence Center is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Finger Lakes Independence Center in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $5.1M and expenses of $5.3M.
Revenue and Expenses
Finger Lakes Independence Center reported $5.1M in revenue and $5.3M in expenses, a deficit of $150K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Finger Lakes Independence Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $4.7M (90%) |
Across stored filings, Finger Lakes Independence Center shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Human Services context |
Trust Check
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Finger Lakes Independence Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Finger Lakes Independence Center is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-149,956 |
| Total Assets | $4.3M |
| Total Liabilities | $43K |
| Net Assets | $4.3M |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 9.8 months |
Financial Health Grade: B
In 2023, Finger Lakes Independence Center reported a deficit of $150K with expenses exceeding revenue, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Finger Lakes Independence Center's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.6% | +9.4% | -2.0% |
| 2022 | +2.7% | +0.5% | +14.1% |
| 2021 | +0.6% | +9.6% | +16.1% |
| 2020 | +27.5% | +16.6% | +46.5% |
| 2019 | +26.8% | +18.9% | +23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $150K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
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 legitimate charity?
Finger Lakes Independence Center (EIN: 161330345) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.5M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Finger Lakes Independence Center spend its money?
Finger Lakes Independence Center directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Finger Lakes Independence Center tax-deductible?
Finger Lakes Independence Center is registered as a tax-exempt nonprofit (EIN: 161330345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Finger Lakes Independence Center's spending goes to programs?
Finger Lakes Independence Center directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Finger Lakes Independence Center compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Finger Lakes Independence Center is above average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Finger Lakes Independence Center located?
Finger Lakes Independence Center is headquartered in Ithaca, New York and files with the IRS under EIN 161330345. It is classified under NTEE code P82.
How many years of IRS 990 filings does Finger Lakes Independence Center have?
Finger Lakes Independence Center 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 $7.5M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Finger Lakes Independence Center:
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.