Idi Foundation Inc
Idi Foundation Inc experiences significant revenue fluctuations and a recent $4 million deficit in 2023, despite substantial asset growth.
EIN: 133348313 · Atlanta, GA · NTEE: Q200 · Updated: 2026-03-28
Is Idi Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Idi Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Idi Foundation Inc
Idi Foundation Inc (EIN: 133348313) is a nonprofit organization based in Atlanta, GA, classified under NTEE code Q200. The organization reported total revenue of $6.2M and total assets of $24.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Idi Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Idi Foundation Inc is a mid-size nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.5M |
| Total Expenses | $13.6M |
| Surplus / Deficit | $-4,062,550 |
| Total Assets | $33.2M |
| Total Liabilities | $319K |
| Net Assets | $32.9M |
| Operating Margin | -42.8% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 29.4 months |
Financial Health Grade: B
In 2023, Idi Foundation Inc reported a deficit of $4.1M with expenses exceeding revenue, holds 29.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Idi Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.8% | +36.2% | -7.3% |
| 2022 | -29.2% | +8.1% | +51.7% |
| 2021 | +314.2% | +5.2% | +1989.6% |
| 2020 | -31.1% | -14.3% | -47.8% |
| 2019 | +11.9% | +2.7% | +84.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1986 |
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 Idi Foundation Inc with a Mission Score of 75 out of 100 (Good). 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, Idi Foundation Inc 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 deficit of $4.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led executive team or that compensation is categorized differently, which is a positive indicator for minimizing overhead relative to the organization's multi-million dollar revenue and asset base.
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 Idi Foundation Inc's IRS 990 filings:
- Significant deficit in 2023 ($4,062,550)
- Fluctuating revenue, with a substantial drop from $22.4 million in 2022 to $9.4 million in 2023
Strengths
The following positive indicators were identified for Idi Foundation Inc:
- Consistent and extensive IRS 990 filing history (14 filings)
- Zero reported officer compensation across all available filings
- Substantial asset growth over the past decade, reaching over $33 million
- High revenue generation in previous years, indicating capacity for large-scale operations
Frequently Asked Questions about Idi Foundation Inc
Is Idi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Idi Foundation Inc (EIN: 133348313) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Idi Foundation Inc spend its money?
Idi Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Idi Foundation Inc tax-deductible?
Idi Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133348313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did Idi Foundation Inc experience a $4 million deficit in 2023?
In 2023, the organization's expenses were $13,551,593, while its revenue was $9,489,043, resulting in a deficit of over $4 million. The specific reasons for this increase in expenses relative to revenue would require a deeper dive into their detailed financial statements.
How has the organization's asset base changed over time?
Idi Foundation Inc has seen significant asset growth, from $127,557 in 2014 to a peak of $35,805,469 in 2022, before a slight decrease to $33,177,274 in 2023.
What is the explanation for 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation suggests that either the organization's officers are volunteers, or their compensation is reported under other expense categories, which would need clarification from the organization.
Filing History
IRS 990 filing history for Idi Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Idi Foundation Inc's revenue has grown by 6.7%, moving from $8.9M to $9.5M. Total assets increased by 6920.6% over the same period, from $473K to $33.2M. Total functional expenses rose by 59.4%, from $8.5M to $13.6M. In its most recent filing year (2023), Idi Foundation Inc reported a deficit of $4.1M, with expenses exceeding revenue. The organization holds $319K in liabilities against $33.2M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $32.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.5M | $13.6M | $33.2M | $319K | — | — |
| 2022 | $22.5M | $9.9M | $35.8M | $255K | — | View 990 |
| 2021 | $31.7M | $9.2M | $23.6M | $197K | — | View 990 |
| 2020 | $7.7M | $8.7M | $1.1M | $253K | — | View 990 |
| 2019 | $11.1M | $10.2M | $2.2M | $200K | — | View 990 |
| 2018 | $9.9M | $9.9M | $1.2M | $132K | — | View 990 |
| 2017 | $8.9M | $8.2M | $1.1M | $90K | — | View 990 |
| 2016 | $8.4M | $8.4M | $333K | $22K | — | View 990 |
| 2015 | $8.2M | $8.0M | $314K | $31K | — | View 990 |
| 2014 | $8.7M | $8.8M | $128K | $52K | — | View 990 |
| 2013 | $8.8M | $8.6M | $324K | $102K | — | View 990 |
| 2012 | $8.2M | $8.6M | $253K | $215K | — | View 990 |
| 2011 | $8.4M | $8.4M | $505K | $47K | — | View 990 |
| 2010 | $8.9M | $8.5M | $473K | $92K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.5M, expenses of $13.6M, and assets of $33.2M (revenue -57.8% year-over-year).
- 2022: Revenue of $22.5M, expenses of $9.9M, and assets of $35.8M (revenue -29.2% year-over-year).
- 2021: Revenue of $31.7M, expenses of $9.2M, and assets of $23.6M (revenue +314.2% year-over-year).
- 2020: Revenue of $7.7M, expenses of $8.7M, and assets of $1.1M (revenue -31.1% year-over-year).
- 2019: Revenue of $11.1M, expenses of $10.2M, and assets of $2.2M (revenue +11.9% year-over-year).
- 2018: Revenue of $9.9M, expenses of $9.9M, and assets of $1.2M (revenue +11.5% year-over-year).
- 2017: Revenue of $8.9M, expenses of $8.2M, and assets of $1.1M (revenue +5.7% year-over-year).
- 2016: Revenue of $8.4M, expenses of $8.4M, and assets of $333K (revenue +2.5% year-over-year).
- 2015: Revenue of $8.2M, expenses of $8.0M, and assets of $314K (revenue -5.2% year-over-year).
- 2014: Revenue of $8.7M, expenses of $8.8M, and assets of $128K (revenue -1.9% year-over-year).
- 2013: Revenue of $8.8M, expenses of $8.6M, and assets of $324K (revenue +7.9% year-over-year).
- 2012: Revenue of $8.2M, expenses of $8.6M, and assets of $253K (revenue -3.0% year-over-year).
- 2011: Revenue of $8.4M, expenses of $8.4M, and assets of $505K (revenue -5.0% year-over-year).
- 2010: Revenue of $8.9M, expenses of $8.5M, and assets of $473K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Idi Foundation Inc:
Data Sources and Methodology
This transparency report for Idi Foundation 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.