Independent Diplomat Inc

Is Independent Diplomat Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Independent Diplomat Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Independent Diplomat Inc

Independent Diplomat Inc (EIN: 113816205) is a nonprofit organization based in New York, NY, classified under NTEE code Q05. The organization reported total revenue of $3.5M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Diplomat Inc'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 Independent Diplomat Inc 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Independent Diplomat Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating either a volunteer leadership or that executive salaries are categorized differently and not reported as direct officer compensation, which is a strong positive for fiscal transparency and 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 Independent Diplomat Inc's IRS 990 filings:

• Increasing liabilities trend in recent years, from $165,001 in 2020 to $875,504 in 2023, warrants monitoring.

Strengths

The following positive indicators were identified for Independent Diplomat Inc:

• Consistent reporting of 0% officer compensation across all filings, indicating strong fiscal responsibility regarding executive pay.
• Healthy growth in assets, from $1,235,799 in 2020 to $1,880,325 in 2023, demonstrating financial resilience.
• Long and consistent IRS 990 filing history (14 filings), indicating good compliance and transparency.
• Expenses generally align closely with revenues, suggesting efficient operational management.

Frequently Asked Questions about Independent Diplomat Inc

Filing History

IRS 990 filing history for Independent Diplomat Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Independent Diplomat Inc's revenue has grown by 55.3%, moving from $1.9M to $3.0M. Total assets increased by 190% over the same period, from $648K to $1.9M. Total functional expenses rose by 79.2%, from $1.8M to $3.1M. In its most recent filing year (2023), Independent Diplomat Inc reported a deficit of $157K, with expenses exceeding revenue. The organization holds $876K in liabilities against $1.9M in assets (debt-to-asset ratio: 46.6%), resulting in net assets of $1.0M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.0M, expenses of $3.1M, and assets of $1.9M (revenue -0.5% year-over-year).
• 2022: Revenue of $3.0M, expenses of $3.0M, and assets of $1.7M (revenue +7.5% year-over-year).
• 2021: Revenue of $2.8M, expenses of $2.7M, and assets of $1.5M (revenue +13.9% year-over-year).
• 2020: Revenue of $2.5M, expenses of $2.5M, and assets of $1.2M (revenue +3.8% year-over-year).
• 2019: Revenue of $2.4M, expenses of $2.9M, and assets of $1.3M (revenue -6.7% year-over-year).
• 2018: Revenue of $2.5M, expenses of $3.4M, and assets of $1.6M (revenue -54.8% year-over-year).
• 2017: Revenue of $5.6M, expenses of $4.6M, and assets of $2.7M (revenue +56.1% year-over-year).
• 2016: Revenue of $3.6M, expenses of $4.1M, and assets of $1.6M (revenue -15.5% year-over-year).
• 2015: Revenue of $4.3M, expenses of $3.8M, and assets of $2.0M (revenue +2.9% year-over-year).
• 2014: Revenue of $4.1M, expenses of $3.4M, and assets of $1.5M (revenue +68.1% year-over-year).
• 2013: Revenue of $2.5M, expenses of $3.2M, and assets of $876K (revenue -10.4% year-over-year).
• 2012: Revenue of $2.7M, expenses of $2.1M, and assets of $1.5M (revenue +48.2% year-over-year).
• 2011: Revenue of $1.9M, expenses of $1.7M, and assets of $854K (revenue -3.9% year-over-year).
• 2010: Revenue of $1.9M, expenses of $1.8M, and assets of $648K.

Data Sources and Methodology

This transparency report for Independent Diplomat 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.