Indian Community Center Corp
Indian Community Center Corp: Strong Asset Growth, Low Program Spending
EIN: 222764774 · Parsippany, NJ · NTEE: X700 · Updated: 2026-04-04
About Indian Community Center Corp
Indian Community Center Corp (EIN: 222764774) is a nonprofit organization based in Parsippany, NJ, classified under NTEE code X700. The organization reported total revenue of $366K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indian Community Center Corp'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 Indian Community Center Corp 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: 30%
- programs: 35%
- fundraising: 35%
According to IRS 990 filings, Indian Community Center Corp allocates its expenses as follows: admin: 30%, programs: 35%, fundraising: 35%. Only 35% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally funded leadership structure.
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 Indian Community Center Corp's IRS 990 filings:
- Program spending consistently low, with only 35% of expenses allocated to programs in 2023 ($522,518 revenue vs $146,906 expenses).
- Significant administrative and fundraising expenses relative to program spending.
- Lack of detailed impact reporting for programs.
- Revenue has fluctuated significantly over the years, with a notable increase in 2023 ($522,518) compared to previous years.
Strengths
The following positive indicators were identified for Indian Community Center Corp:
- Consistent asset growth, reaching $1,898,677 in 2023.
- No reported liabilities, indicating strong financial health and no debt.
- Zero executive compensation suggests a highly efficient or volunteer-driven leadership model.
- Long operational history with consistent filing of financial documents.
Frequently Asked Questions about Indian Community Center Corp
What does Indian Community Center Corp do?
Indian Community Center Corp is a nonprofit organization in the Religion-Related sector, located in Parsippany, New Jersey. It is classified under NTEE code X700.
How much revenue does Indian Community Center Corp have?
Indian Community Center Corp reported total revenue of $365,924. Based on 13 IRS 990 filings on record.
What are Indian Community Center Corp's total assets?
Indian Community Center Corp holds total assets of $1,898,677 as reported in IRS 990 filings.
Where is Indian Community Center Corp located?
Indian Community Center Corp is based in Parsippany, New Jersey.
What is Indian Community Center Corp's EIN?
Indian Community Center Corp's Employer Identification Number (EIN) is 222764774. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Indian Community Center Corp?
Indian Community Center Corp is classified under NTEE code X700 (Religion-Related).
Is Indian Community Center Corp a registered 501(c)(3)?
Yes, Indian Community Center Corp is recognized as a tax-exempt organization by the IRS. EIN: 222764774.
Does Indian Community Center Corp file IRS Form 990?
Yes, Indian Community Center Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Indian Community Center Corp's revenue in 2023?
In the 202312 filing period, Indian Community Center Corp reported total revenue of $522,518, total expenses of $146,906, and net assets of $1,639,136.
Is Indian Community Center Corp's revenue growing or declining?
Indian Community Center Corp's revenue is growing. Revenue went from $268,313 (202212) to $522,518 (202312), a +94.7% change. Based on 13 filings on record.
What is Indian Community Center Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Indian Community Center Corp covers tax period 202312. It shows revenue of $522,518, expenses of $146,906, total assets of $1,639,136, and liabilities of N/A.
How much does Indian Community Center Corp spend on programs vs administration?
Based on IRS 990 analysis, Indian Community Center Corp allocates approximately 35% of expenses to program services, 30% to administrative costs, and 35% to fundraising. Overhead costs appear high relative to program spending.
Is Indian Community Center Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Indian Community Center Corp shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 4 strengths noted.
What are the red flags for Indian Community Center Corp?
The following concerns were identified: Program spending consistently low, with only 35% of expenses allocated to programs in 2023 ($522,518 revenue vs $146,906 expenses).. Significant administrative and fundraising expenses relative to program spending.. Lack of detailed impact reporting for programs.. Revenue has fluctuated significantly over the years, with a notable increase in 2023 ($522,518) compared to previous years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Indian Community Center Corp's strengths?
Positive indicators for Indian Community Center Corp include: Consistent asset growth, reaching $1,898,677 in 2023.. No reported liabilities, indicating strong financial health and no debt.. Zero executive compensation suggests a highly efficient or volunteer-driven leadership model.. Long operational history with consistent filing of financial documents.. These findings are derived from AI analysis of the organization's financial filings.
How does Indian Community Center Corp compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally funded leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Indian Community Center Corp?
- Financial statements are publicly available through IRS Form 990 filings. - The organization consistently reports zero compensation for officers, directors, trustees, and key employees. - Detailed program service accomplishments are briefly described in Form 990, but lack specific metrics or impact reporting. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 for executive compensation, how does the organization manage its operational leadership and strategic direction?
The organization likely relies on a volunteer board of directors or pro-bono services for its leadership and strategic oversight, as no paid executive staff are reported in the filings.
With substantial assets and low program spending, what is the organization's long-term strategy for utilizing its accumulated resources to further its mission?
The filings do not explicitly detail a strategy for asset utilization. The consistent asset growth without corresponding increases in program expenses suggests either a focus on endowment building, future capital projects, or a very lean operational model.
Filing History
IRS 990 filing history for Indian Community Center Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Indian Community Center Corp's revenue has grown by 123.1%, moving from $234K to $523K. Total assets increased by 52.4% over the same period, from $1.1M to $1.6M. Total functional expenses rose by 16.2%, from $126K to $147K. In its most recent filing year (2023), Indian Community Center Corp reported a surplus of $376K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $523K | $147K | $1.6M | $0 | — | View 990 |
| 2022 | $268K | $148K | $1.3M | $650 | — | View 990 |
| 2021 | $159K | $129K | $1.3M | $650 | — | — |
| 2020 | $130K | $108K | $1.3M | $650 | — | View 990 |
| 2019 | $192K | $210K | $1.3M | $650 | — | View 990 |
| 2018 | $191K | $155K | $1.2M | $650 | — | View 990 |
| 2017 | $255K | $256K | $1.3M | $650 | — | View 990 |
| 2016 | $216K | $139K | $1.3M | $650 | — | View 990 |
| 2015 | $199K | $184K | $1.2M | $650 | — | View 990 |
| 2014 | $199K | $129K | $1.2M | $750 | — | View 990 |
| 2013 | $186K | $121K | $1.1M | $650 | — | View 990 |
| 2012 | $194K | $220K | $1.1M | $0 | — | View 990 |
| 2011 | $234K | $126K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $523K, expenses of $147K, and assets of $1.6M (revenue +94.7% year-over-year).
- 2022: Revenue of $268K, expenses of $148K, and assets of $1.3M (revenue +68.7% year-over-year).
- 2021: Revenue of $159K, expenses of $129K, and assets of $1.3M (revenue +22.6% year-over-year).
- 2020: Revenue of $130K, expenses of $108K, and assets of $1.3M (revenue -32.4% year-over-year).
- 2019: Revenue of $192K, expenses of $210K, and assets of $1.3M (revenue +0.3% year-over-year).
- 2018: Revenue of $191K, expenses of $155K, and assets of $1.2M (revenue -25.0% year-over-year).
- 2017: Revenue of $255K, expenses of $256K, and assets of $1.3M (revenue +18.0% year-over-year).
- 2016: Revenue of $216K, expenses of $139K, and assets of $1.3M (revenue +8.5% year-over-year).
- 2015: Revenue of $199K, expenses of $184K, and assets of $1.2M (revenue +0.2% year-over-year).
- 2014: Revenue of $199K, expenses of $129K, and assets of $1.2M (revenue +6.9% year-over-year).
- 2013: Revenue of $186K, expenses of $121K, and assets of $1.1M (revenue -4.1% year-over-year).
- 2012: Revenue of $194K, expenses of $220K, and assets of $1.1M (revenue -17.2% year-over-year).
- 2011: Revenue of $234K, expenses of $126K, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Indian Community Center Corp 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.