Igbo Community Association Of Arizona
Igbo Community Association Of Arizona sees significant asset growth and revenue increase, alongside new liabilities.
EIN: 201240266 · Glendale, AZ · NTEE: A23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $69K |
| Total Expenses | $58K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $95,915. |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Igbo Community Association Of Arizona Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Igbo Community Association Of Arizona directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Igbo Community Association Of Arizona
Igbo Community Association Of Arizona (EIN: 201240266) is a nonprofit organization based in Glendale, AZ, classified under NTEE code A23. The organization reported total revenue of $69K and total assets of $401K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Igbo Community Association Of Arizona's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Igbo Community Association Of Arizona is a micro nonprofit that has been operating for 10 years, with 2 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 32.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $58K |
| Surplus / Deficit | +$38K |
| Total Assets | $2.4M |
| Total Liabilities | $1.3M |
| Net Assets | $1.1M |
| Operating Margin | 40.0% |
| Debt-to-Asset Ratio | 54.4% |
| Months of Reserves | 498.5 months |
Financial Health Grade: A
In 2023, Igbo Community Association Of Arizona reported a surplus of $38K with revenue exceeding expenses, holds 498.5 months of operating reserves (strong position), has a debt-to-asset ratio of 54.4% (high leverage).
Financial Trends
Over 2 years of filings (2019–2023), Igbo Community Association Of Arizona's revenue has grown at a compound annual growth rate (CAGR) of 32.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +208.8% | +116.1% | +2892.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Igbo Community Association Of Arizona 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Igbo Community Association Of Arizona 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 $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% in both available filings, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for an organization of its size with revenues up to $95,915.
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 Igbo Community Association Of Arizona's IRS 990 filings:
- Significant increase in liabilities to $1,300,000 in 2023 without clear explanation in summary data.
Strengths
The following positive indicators were identified for Igbo Community Association Of Arizona:
- Strong revenue growth from $31,064 to $95,915 between 2019 and 2023.
- Substantial asset growth from $79,899 to $2,390,733.
- 0% officer compensation reported, indicating volunteer leadership and efficient use of funds.
- Expenses are consistently lower than revenue, suggesting financial stability and ability to build reserves.
Frequently Asked Questions about Igbo Community Association Of Arizona
Is Igbo Community Association Of Arizona a legitimate charity?
Igbo Community Association Of Arizona (EIN: 201240266) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 85/100. It has 2 years of IRS 990 filings on record. Total revenue: $69K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Igbo Community Association Of Arizona spend its money?
Igbo Community Association Of Arizona directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Igbo Community Association Of Arizona tax-deductible?
Igbo Community Association Of Arizona is registered as a tax-exempt nonprofit (EIN: 201240266). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Igbo Community Association Of Arizona CEO make?
Igbo Community Association Of Arizona's highest-compensated officer earns $95,915. annually. The organization reported $69K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Igbo Community Association Of Arizona's spending goes to programs?
Igbo Community Association Of Arizona directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Igbo Community Association Of Arizona compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Igbo Community Association Of Arizona is above average for NTEE category A23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Igbo Community Association Of Arizona located?
Igbo Community Association Of Arizona is headquartered in Glendale, Arizona and files with the IRS under EIN 201240266. It is classified under NTEE code A23.
How many years of IRS 990 filings does Igbo Community Association Of Arizona have?
Igbo Community Association Of Arizona has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $69K in total revenue.
What is the nature of the $1,300,000 in liabilities reported in 2023?
The filings do not provide specific details on the nature of these liabilities, but their sudden appearance and significant size relative to assets and revenue suggest they could be related to a major project, property acquisition, or a loan.
How does the organization manage its program expenses given the 0% officer compensation?
The 0% officer compensation suggests a strong reliance on volunteers for leadership and potentially for program delivery, which can maximize the impact of donor funds directly on community initiatives.
What led to the substantial increase in assets from $79,899 in 2019 to $2,390,733 in 2023?
This significant asset growth likely stems from successful fundraising, grants, or potentially the acquisition of property or other substantial investments, which would also align with the increase in liabilities if financed.
Filing History
IRS 990 filing history for Igbo Community Association Of Arizona showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2019–2023), Igbo Community Association Of Arizona's revenue has grown by 208.8%, moving from $31K to $96K. Total assets increased by 2892.2% over the same period, from $80K to $2.4M. Total functional expenses rose by 116.1%, from $27K to $58K. In its most recent filing year (2023), Igbo Community Association Of Arizona reported a surplus of $38K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $2.4M in assets (debt-to-asset ratio: 54.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $58K | $2.4M | $1.3M | — | — |
| 2019 | $31K | $27K | $80K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Igbo Community Association Of Arizona:
Data Sources and Methodology
This transparency report for Igbo Community Association Of Arizona 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.