Icny Land Owner Corporation

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Icny Land Owner Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Icny Land Owner Corporation 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 Icny Land Owner Corporation in one place.

Is Icny Land Owner Corporation Legit?

Some Concerns

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

Across stored filings, Icny Land Owner Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Icny Land Owner Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Icny Land Owner Corporation

Icny Land Owner Corporation (EIN: 161682810) is a nonprofit organization based in New York City, NY, classified under NTEE code X112. The organization reported total revenue of $3.7M and total assets of $38.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Icny Land Owner Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Icny Land Owner Corporation is a mid-size 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 6.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Icny Land Owner Corporation reported a surplus of $862K with revenue exceeding expenses, holds 208.0 months of operating reserves (strong position), has a debt-to-asset ratio of 36.9% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Icny Land Owner Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.

IRS Tax-Exempt Classification

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 Icny Land Owner Corporation with a Mission Score of 90 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Icny Land Owner Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $862K, with revenue exceeding expenses.
• Debt-to-asset ratio: 36.9%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this asset size ($37.4 million in 2023) and revenue ($3.0 million in 2023). This suggests either a fully volunteer executive leadership or that executive services are provided by a related entity or through other non-compensatory means.

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 Icny Land Owner Corporation's IRS 990 filings:

• Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
• Zero reported officer compensation for an organization of this size is unusual and warrants further investigation into how executive leadership is resourced.

Strengths

The following positive indicators were identified for Icny Land Owner Corporation:

• Consistent financial surpluses, demonstrating strong financial management (e.g., $861,858 surplus in 2023).
• Steady growth in assets over the past decade, from $30.9 million in 2014 to $37.4 million in 2023.
• No reported officer compensation, suggesting resources are not diverted to high executive salaries.
• Consistent IRS 990 filing history (13 filings), indicating good regulatory compliance and transparency.
• Liabilities are decreasing relative to assets, improving the organization's overall financial position.

Frequently Asked Questions about Icny Land Owner Corporation

Filing History

IRS 990 filing history for Icny Land Owner Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Icny Land Owner Corporation's revenue has grown by 113.2%, moving from $1.4M to $3.0M. Total assets increased by 42.4% over the same period, from $26.3M to $37.5M. Total functional expenses rose by 433%, from $406K to $2.2M. In its most recent filing year (2023), Icny Land Owner Corporation reported a surplus of $862K, with revenue exceeding expenses. The organization holds $13.8M in liabilities against $37.5M in assets (debt-to-asset ratio: 36.9%), resulting in net assets of $23.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.0M, expenses of $2.2M, and assets of $37.5M (revenue +36.7% year-over-year).
• 2022: Revenue of $2.2M, expenses of $1.8M, and assets of $36.8M (revenue -2.4% year-over-year).
• 2021: Revenue of $2.3M, expenses of $1.7M, and assets of $36.5M (revenue +33.2% year-over-year).
• 2020: Revenue of $1.7M, expenses of $945K, and assets of $36.1M (revenue -47.3% year-over-year).
• 2019: Revenue of $3.2M, expenses of $1.9M, and assets of $35.5M (revenue -3.2% year-over-year).
• 2018: Revenue of $3.3M, expenses of $2.0M, and assets of $34.4M (revenue +15.5% year-over-year).
• 2017: Revenue of $2.9M, expenses of $1.6M, and assets of $33.3M (revenue +18.8% year-over-year).
• 2016: Revenue of $2.4M, expenses of $1.8M, and assets of $32.1M (revenue +18.8% year-over-year).
• 2015: Revenue of $2.0M, expenses of $992K, and assets of $31.7M (revenue -13.6% year-over-year).
• 2014: Revenue of $2.4M, expenses of $643K, and assets of $31.0M (revenue -42.9% year-over-year).
• 2013: Revenue of $4.1M, expenses of $504K, and assets of $29.4M (revenue +160.8% year-over-year).
• 2012: Revenue of $1.6M, expenses of $1.8M, and assets of $25.9M (revenue +12.0% year-over-year).
• 2011: Revenue of $1.4M, expenses of $406K, and assets of $26.3M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Icny Land Owner Corporation:

Data Sources and Methodology

This transparency report for Icny Land Owner Corporation 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.