Independent Voter Project
Independent Voter Project shows strong asset growth and no officer compensation, despite fluctuating annual revenues.
EIN: 204842091 · San Diego, CA · NTEE: R40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $317K |
| Transparency Score | 85/100 |
Is Independent Voter Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Voter Project directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Voter Project
Independent Voter Project (EIN: 204842091) is a nonprofit organization based in San Diego, CA, classified under NTEE code R40. The organization reported total revenue of $3.0M and total assets of $811K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Voter Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Voter Project is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$243K |
| Total Assets | $317K |
| Net Assets | $317K |
| Operating Margin | 15.0% |
| Months of Reserves | 2.8 months |
Financial Health Grade: A
In 2022, Independent Voter Project reported a surplus of $243K with revenue exceeding expenses, holds 2.8 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2022), Independent Voter Project's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +104.4% | +55.9% | +328.2% |
| 2021 | +16.0% | +32.9% | -54.9% |
| 2020 | -42.2% | -51.1% | +13.1% |
| 2019 | +4.7% | +44.7% | -54.9% |
| 2018 | +16.7% | -7.9% | +143.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Independent Voter Project 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, Independent Voter Project 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $243K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with revenues exceeding $3 million.
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 Voter Project's IRS 990 filings:
- Fluctuating annual revenues and expenses, with some years showing expenses exceeding revenue (e.g., 2021, 2019).
Strengths
The following positive indicators were identified for Independent Voter Project:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds.
- Zero reported liabilities across all available filings, demonstrating strong financial management.
- Significant growth in assets, from $42,149 in 2015 to $811,256 currently, indicating increasing financial capacity.
- Latest revenue of $3,022,639 represents a substantial increase, suggesting strong donor support or program success.
Frequently Asked Questions about Independent Voter Project
Is Independent Voter Project a legitimate charity?
Independent Voter Project (EIN: 204842091) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Independent Voter Project spend its money?
Independent Voter Project directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Independent Voter Project tax-deductible?
Independent Voter Project is registered as a tax-exempt nonprofit (EIN: 204842091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Independent Voter Project CEO make?
Independent Voter Project's highest-compensated officer earns $3 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Independent Voter Project's spending goes to programs?
Independent Voter Project directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Independent Voter Project compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Independent Voter Project is above average for NTEE category R40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Independent Voter Project located?
Independent Voter Project is headquartered in San Diego, California and files with the IRS under EIN 204842091. It is classified under NTEE code R40.
How many years of IRS 990 filings does Independent Voter Project have?
Independent Voter Project has 12 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 $3.0M in total revenue.
How does Independent Voter Project sustain operations without officer compensation?
The filings consistently show 0% officer compensation, suggesting that leadership may be volunteer-based or compensated through other means not reported as officer compensation on the 990, or that the organization has a unique operational model.
What caused the significant increase in revenue and assets in the latest period?
The latest reported revenue of $3,022,639 and assets of $811,256 represent a substantial jump from previous years, particularly the 2022 figures of $1,618,380 revenue and $317,355 assets. This suggests a successful fundraising period or a significant grant/donation.
Are there any long-term financial stability concerns given past expense overruns?
While there have been periods where expenses exceeded revenue (e.g., 2021, 2019), the organization has demonstrated an ability to recover and grow its assets, with the latest figures showing strong financial health and no liabilities, mitigating long-term stability concerns.
Filing History
IRS 990 filing history for Independent Voter Project showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Independent Voter Project's revenue has grown by 180.2%, moving from $578K to $1.6M. Total assets decreased by 16.7% over the same period, from $381K to $317K. Total functional expenses rose by 40.3%, from $980K to $1.4M. In its most recent filing year (2022), Independent Voter Project reported a surplus of $243K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.6M | $1.4M | $317K | $0 | — | View 990 |
| 2021 | $792K | $882K | $74K | $0 | — | View 990 |
| 2020 | $683K | $664K | $164K | $0 | — | View 990 |
| 2019 | $1.2M | $1.4M | $145K | $0 | — | — |
| 2018 | $1.1M | $939K | $322K | $0 | — | View 990 |
| 2017 | $967K | $1.0M | $133K | $0 | — | View 990 |
| 2016 | $1.1M | $934K | $186K | $0 | — | View 990 |
| 2015 | $863K | $866K | $42K | $0 | — | View 990 |
| 2014 | $687K | $814K | $45K | $0 | — | View 990 |
| 2013 | $749K | $758K | $172K | $0 | — | View 990 |
| 2012 | $860K | $1.1M | $182K | $0 | — | View 990 |
| 2011 | $578K | $980K | $381K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.6M, expenses of $1.4M, and assets of $317K (revenue +104.4% year-over-year).
- 2021: Revenue of $792K, expenses of $882K, and assets of $74K (revenue +16.0% year-over-year).
- 2020: Revenue of $683K, expenses of $664K, and assets of $164K (revenue -42.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.4M, and assets of $145K (revenue +4.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $939K, and assets of $322K (revenue +16.7% year-over-year).
- 2017: Revenue of $967K, expenses of $1.0M, and assets of $133K (revenue -10.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $934K, and assets of $186K (revenue +25.0% year-over-year).
- 2015: Revenue of $863K, expenses of $866K, and assets of $42K (revenue +25.6% year-over-year).
- 2014: Revenue of $687K, expenses of $814K, and assets of $45K (revenue -8.2% year-over-year).
- 2013: Revenue of $749K, expenses of $758K, and assets of $172K (revenue -13.0% year-over-year).
- 2012: Revenue of $860K, expenses of $1.1M, and assets of $182K (revenue +49.0% year-over-year).
- 2011: Revenue of $578K, expenses of $980K, and assets of $381K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Voter Project:
Data Sources and Methodology
This transparency report for Independent Voter Project 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.