Fund For Innovation And Public Service
Fund For Innovation And Public Service maintains strong asset growth and minimal liabilities with zero reported officer compensation.
EIN: 133384072 · Arlington, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $593K |
| Total Expenses | $420K |
| Program Spending | 80% |
| Net Assets | $7.7M |
| Transparency Score | 85/100 |
Is Fund For Innovation And Public Service Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fund For Innovation And Public Service directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fund For Innovation And Public Service
Fund For Innovation And Public Service (EIN: 133384072) is a nonprofit organization based in Arlington, VA. The organization reported total revenue of $593K and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fund For Innovation And Public Service's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fund For Innovation And Public Service is a small nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $837K |
| Total Expenses | $420K |
| Surplus / Deficit | +$416K |
| Total Assets | $7.7M |
| Total Liabilities | $1 |
| Net Assets | $7.7M |
| Operating Margin | 49.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 219.7 months |
Financial Health Grade: A
In 2023, Fund For Innovation And Public Service reported a surplus of $416K with revenue exceeding expenses, holds 219.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Fund For Innovation And Public Service's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +64.8% | -11.7% | +3.9% |
| 2022 | -72.3% | -2.3% | +2.5% |
| 2021 | +657.8% | +67.7% | +22.8% |
| 2020 | +5.1% | -28.2% | -2.2% |
| 2019 | -94.4% | +22.3% | +20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Fund For Innovation And Public Service 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fund For Innovation And Public Service allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 surplus of $416K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with significant revenue and assets. This suggests that executive leadership may be volunteer-based or compensated through a different expense category, which enhances donor confidence regarding direct program 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 Fund For Innovation And Public Service's IRS 990 filings:
- Significant revenue volatility across years (e.g., $4.1M in 2015 vs. $241K in 2020) could indicate reliance on sporadic large grants or donations.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes a precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Fund For Innovation And Public Service:
- Strong and consistent asset growth, reaching $7,696,574 in 2023, indicating financial stability.
- Extremely low liabilities ($1 across all periods), demonstrating excellent financial health and minimal debt.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds and potentially volunteer leadership.
- Expenses generally well-controlled relative to revenue, allowing for asset accumulation.
Frequently Asked Questions about Fund For Innovation And Public Service
Is Fund For Innovation And Public Service a legitimate charity?
Fund For Innovation And Public Service (EIN: 133384072) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $593K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Fund For Innovation And Public Service spend its money?
Fund For Innovation And Public Service directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fund For Innovation And Public Service tax-deductible?
Fund For Innovation And Public Service is registered as a tax-exempt nonprofit (EIN: 133384072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fund For Innovation And Public Service's spending goes to programs?
Fund For Innovation And Public Service directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Fund For Innovation And Public Service located?
Fund For Innovation And Public Service is headquartered in Arlington, Virginia and files with the IRS under EIN 133384072.
How many years of IRS 990 filings does Fund For Innovation And Public Service have?
Fund For Innovation And Public Service has 10 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 $593K in total revenue.
How does the organization manage its significant asset base?
With assets reaching $7,696,574 in 2023 and minimal liabilities, the organization appears to be effectively managing its financial resources, likely through investments or endowments, though specific details are not provided in the summary data.
What are the specific programs or initiatives supported by the Fund For Innovation And Public Service?
The provided data does not detail the specific programs or initiatives. Further investigation into their public disclosures or website would be necessary to understand their programmatic focus.
Why is officer compensation consistently reported as zero?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through non-officer salary categories, which is a positive indicator for efficiency and donor trust.
Filing History
IRS 990 filing history for Fund For Innovation And Public Service showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fund For Innovation And Public Service's revenue has grown by 109.7%, moving from $399K to $837K. Total assets increased by 240.2% over the same period, from $2.3M to $7.7M. Total functional expenses rose by 323.5%, from $99K to $420K. In its most recent filing year (2023), Fund For Innovation And Public Service reported a surplus of $416K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $837K | $420K | $7.7M | $1 | — | View 990 |
| 2022 | $508K | $476K | $7.4M | $1 | — | View 990 |
| 2021 | $1.8M | $488K | $7.2M | $1 | — | View 990 |
| 2020 | $242K | $291K | $5.9M | $1 | — | View 990 |
| 2019 | $230K | $405K | $6.0M | $1 | — | View 990 |
| 2015 | $4.1M | $331K | $5.0M | $1 | — | View 990 |
| 2014 | $641K | $303K | $3.1M | $1 | — | View 990 |
| 2013 | $457K | $231K | $2.9M | $1 | — | View 990 |
| 2012 | $1.1M | $215K | $2.7M | $1 | — | View 990 |
| 2011 | $399K | $99K | $2.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $837K, expenses of $420K, and assets of $7.7M (revenue +64.8% year-over-year).
- 2022: Revenue of $508K, expenses of $476K, and assets of $7.4M (revenue -72.3% year-over-year).
- 2021: Revenue of $1.8M, expenses of $488K, and assets of $7.2M (revenue +657.8% year-over-year).
- 2020: Revenue of $242K, expenses of $291K, and assets of $5.9M (revenue +5.1% year-over-year).
- 2019: Revenue of $230K, expenses of $405K, and assets of $6.0M (revenue -94.4% year-over-year).
- 2015: Revenue of $4.1M, expenses of $331K, and assets of $5.0M (revenue +546.6% year-over-year).
- 2014: Revenue of $641K, expenses of $303K, and assets of $3.1M (revenue +40.2% year-over-year).
- 2013: Revenue of $457K, expenses of $231K, and assets of $2.9M (revenue -57.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $215K, and assets of $2.7M (revenue +168.7% year-over-year).
- 2011: Revenue of $399K, expenses of $99K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fund For Innovation And Public Service:
Data Sources and Methodology
This transparency report for Fund For Innovation And Public Service 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.