Igda Foundation
Igda Foundation faces consistent deficit spending with expenses exceeding revenue in recent years.
EIN: 205991931 · Washington, DC · NTEE: B99 · Updated: 2026-03-28
Is Igda Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Igda Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Igda Foundation
Igda Foundation (EIN: 205991931) is a nonprofit organization based in Washington, DC, classified under NTEE code B99. The organization reported total revenue of $211K and total assets of $290K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Igda Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Igda Foundation with a Mission Score of 65 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Igda Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all nine available IRS 990 filings, indicating that no officers received compensation from the organization. This suggests a volunteer-driven leadership or a structure where executive roles are compensated through other means, which is highly unusual for an organization of this size and could be a strength in terms of resource 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 Igda Foundation's IRS 990 filings:
- Consistent deficit spending: Expenses have exceeded revenue in multiple recent periods (e.g., 2023, 2022, 2021, 2019, 2017).
- Significant asset depletion: Assets decreased from $765,091 in 2020 to $282,212 in 2023, indicating a draw on reserves.
- Volatile revenue streams: Revenue has fluctuated significantly year-to-year, from a high of $722,266 in 2020 to a low of $96,684 in 2019, suggesting potential instability in funding.
Strengths
The following positive indicators were identified for Igda Foundation:
- 0% Officer Compensation: No compensation reported for officers across all nine filings, indicating efficient use of funds at the executive level.
- Consistent Filing History: Nine years of IRS 990 filings demonstrate transparency and compliance with reporting requirements.
Frequently Asked Questions about Igda Foundation
Is Igda Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Igda Foundation (EIN: 205991931) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Igda Foundation spend its money?
Igda Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Igda Foundation tax-deductible?
Igda Foundation is registered as a tax-exempt nonprofit (EIN: 205991931). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Igda Foundation a good charity?
The Igda Foundation shows some positive attributes, such as 0% officer compensation, suggesting resources are not diverted to high executive salaries. However, the consistent trend of expenses exceeding revenue in recent years (e.g., $281,010 expenses vs. $127,490 revenue in 2023) raises concerns about its financial sustainability. A 'good' charity typically maintains a stable financial position and efficient use of funds, which requires further investigation into their detailed spending.
Why are expenses consistently higher than revenue?
The filings show a pattern where expenses frequently surpass revenue, particularly in 2023 ($281,010 expenses vs. $127,490 revenue) and 2022 ($205,791 expenses vs. $184,693 revenue). This could be due to several factors, including strategic use of accumulated reserves from prior profitable years (e.g., 2020 revenue of $722,266 vs. expenses of $296,188), temporary funding shortfalls, or significant one-time program expenditures. Without more detailed financial statements, the exact reasons remain unclear.
What is the organization's long-term financial outlook?
The long-term financial outlook for Igda Foundation appears uncertain given the recent trend of deficit spending. While the organization has assets of $290,206, the consistent depletion of assets to cover operational costs (e.g., assets decreased from $433,170 in 2022 to $282,212 in 2023) is not sustainable. A reversal of this trend, either through increased revenue generation or reduced expenses, would be necessary to ensure long-term viability.
Filing History
IRS 990 filing history for Igda Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Igda Foundation's revenue has declined by 63.8%, moving from $352K to $127K. Total assets increased by 32.9% over the same period, from $212K to $282K. Total functional expenses rose by 92.3%, from $146K to $281K. In its most recent filing year (2023), Igda Foundation reported a deficit of $154K, with expenses exceeding revenue. The organization holds $14K in liabilities against $282K in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $268K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $127K | $281K | $282K | $14K | — | View 990 |
| 2022 | $185K | $206K | $433K | $12K | — | — |
| 2021 | $430K | $580K | $414K | $19K | — | View 990 |
| 2020 | $722K | $296K | $765K | $219K | — | View 990 |
| 2019 | $97K | $310K | $129K | $17K | — | View 990 |
| 2018 | $571K | $510K | $341K | $15K | — | View 990 |
| 2017 | $346K | $357K | $504K | $239K | — | View 990 |
| 2016 | $225K | $162K | $411K | $135K | — | View 990 |
| 2015 | $352K | $146K | $212K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $127K, expenses of $281K, and assets of $282K (revenue -31.0% year-over-year).
- 2022: Revenue of $185K, expenses of $206K, and assets of $433K (revenue -57.0% year-over-year).
- 2021: Revenue of $430K, expenses of $580K, and assets of $414K (revenue -40.5% year-over-year).
- 2020: Revenue of $722K, expenses of $296K, and assets of $765K (revenue +647.0% year-over-year).
- 2019: Revenue of $97K, expenses of $310K, and assets of $129K (revenue -83.1% year-over-year).
- 2018: Revenue of $571K, expenses of $510K, and assets of $341K (revenue +64.9% year-over-year).
- 2017: Revenue of $346K, expenses of $357K, and assets of $504K (revenue +53.7% year-over-year).
- 2016: Revenue of $225K, expenses of $162K, and assets of $411K (revenue -36.0% year-over-year).
- 2015: Revenue of $352K, expenses of $146K, and assets of $212K.
Data Sources and Methodology
This transparency report for Igda Foundation 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.