Igbobi College Old Boys Association Na Inc
Igbobi College Old Boys Association Na Inc shows consistent asset growth and no liabilities, with 0% officer compensation.
EIN: 205101980 · Duluth, GA · NTEE: B84 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $193K |
| Total Expenses | $51K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $221,000. |
| Net Assets | $221K |
| Transparency Score | 92/100 |
Is Igbobi College Old Boys Association Na Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Igbobi College Old Boys Association Na Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Igbobi College Old Boys Association Na Inc
Igbobi College Old Boys Association Na Inc (EIN: 205101980) is a nonprofit organization based in Duluth, GA, classified under NTEE code B84. The organization reported total revenue of $193K and total assets of $261K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Igbobi College Old Boys Association Na Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Igbobi College Old Boys Association Na Inc is a small nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 33.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $51K |
| Surplus / Deficit | +$53K |
| Total Assets | $221K |
| Net Assets | $221K |
| Operating Margin | 51.0% |
| Months of Reserves | 51.9 months |
Financial Health Grade: A
In 2023, Igbobi College Old Boys Association Na Inc reported a surplus of $53K with revenue exceeding expenses, holds 51.9 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Igbobi College Old Boys Association Na Inc's revenue has grown at a compound annual growth rate (CAGR) of 33.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.2% | +161.4% | +31.6% |
| 2022 | +150.4% | +47.1% | +33.5% |
| 2021 | +1436.4% | — | +44.7% |
| 2020 | -85.8% | -112.0% | +8.8% |
| 2019 | -1.9% | +8.5% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
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 Igbobi College Old Boys Association Na Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Igbobi College Old Boys Association Na 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 surplus of $53K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets growing to over $221,000.
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 Igbobi College Old Boys Association Na Inc:
- Consistent asset growth from $77,952 in 2018 to $221,366 in 2023.
- Zero reported liabilities across all six filing periods, indicating excellent financial management.
- 0% officer compensation reported consistently, demonstrating a volunteer-driven leadership and commitment to mission.
- Revenue growth, particularly a significant jump from $52,253 in 2021 to $130,858 in 2022.
- Expenses consistently well below revenue, suggesting efficient operations and good financial stewardship.
Frequently Asked Questions about Igbobi College Old Boys Association Na Inc
Is Igbobi College Old Boys Association Na Inc a legitimate charity?
Igbobi College Old Boys Association Na Inc (EIN: 205101980) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 92/100. It has 6 years of IRS 990 filings on record. Total revenue: $193K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Igbobi College Old Boys Association Na Inc spend its money?
Igbobi College Old Boys Association Na Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Igbobi College Old Boys Association Na Inc tax-deductible?
Igbobi College Old Boys Association Na Inc is registered as a tax-exempt nonprofit (EIN: 205101980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Igbobi College Old Boys Association Na Inc CEO make?
Igbobi College Old Boys Association Na Inc's highest-compensated officer earns $221,000. annually. The organization reported $193K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Igbobi College Old Boys Association Na Inc's spending goes to programs?
Igbobi College Old Boys Association Na Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Igbobi College Old Boys Association Na Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Igbobi College Old Boys Association Na Inc is above average for NTEE category B84 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Igbobi College Old Boys Association Na Inc located?
Igbobi College Old Boys Association Na Inc is headquartered in Duluth, Georgia and files with the IRS under EIN 205101980. It is classified under NTEE code B84.
How many years of IRS 990 filings does Igbobi College Old Boys Association Na Inc have?
Igbobi College Old Boys Association Na Inc has 6 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 $193K in total revenue.
Is Igbobi College Old Boys Association Na Inc a good charity?
Based on the provided data, the organization appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, no liabilities, and a commitment to its mission by having 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $77,952 in 2018 to $221,366 in 2023. Revenue has also seen substantial increases, particularly between 2021 and 2022, indicating strong financial growth and stability.
What is the organization's approach to executive compensation?
The organization has a highly efficient approach to executive compensation, consistently reporting 0% officer compensation across all six filings. This indicates that all leadership roles are voluntary, maximizing funds available for programs.
Filing History
IRS 990 filing history for Igbobi College Old Boys Association Na Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Igbobi College Old Boys Association Na Inc's revenue has grown by 327.5%, moving from $24K to $104K. Total assets increased by 184% over the same period, from $78K to $221K. Total functional expenses rose by 154.6%, from $20K to $51K. In its most recent filing year (2023), Igbobi College Old Boys Association Na Inc reported a surplus of $53K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $51K | $221K | $0 | — | — |
| 2022 | $131K | $20K | $168K | $0 | — | — |
| 2021 | $52K | $13K | $126K | $0 | — | View 990 |
| 2020 | $3K | $-2,614 | $87K | $0 | — | View 990 |
| 2019 | $24K | $22K | $80K | $0 | — | View 990 |
| 2018 | $24K | $20K | $78K | $75 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104K, expenses of $51K, and assets of $221K (revenue -20.2% year-over-year).
- 2022: Revenue of $131K, expenses of $20K, and assets of $168K (revenue +150.4% year-over-year).
- 2021: Revenue of $52K, expenses of $13K, and assets of $126K (revenue +1436.4% year-over-year).
- 2020: Revenue of $3K, expenses of $-2,614, and assets of $87K (revenue -85.8% year-over-year).
- 2019: Revenue of $24K, expenses of $22K, and assets of $80K (revenue -1.9% year-over-year).
- 2018: Revenue of $24K, expenses of $20K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Igbobi College Old Boys Association Na Inc:
Data Sources and Methodology
This transparency report for Igbobi College Old Boys Association Na 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.