Indian River Community Foundation
Indian River Community Foundation maintains strong asset growth and reports zero officer compensation across all filings.
EIN: 201729243 · Vero Beach, FL · NTEE: T31 · Updated: 2026-03-28
Is Indian River Community Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Indian River Community Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Indian River Community Foundation
Indian River Community Foundation (EIN: 201729243) is a nonprofit organization based in Vero Beach, FL, classified under NTEE code T31. The organization reported total revenue of $33.6M and total assets of $94.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indian River Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indian River Community Foundation is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.5M |
| Total Expenses | $19.1M |
| Surplus / Deficit | $-5,597,301 |
| Total Assets | $78.4M |
| Total Liabilities | $5.1M |
| Net Assets | $73.4M |
| Operating Margin | -41.3% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 49.2 months |
Financial Health Grade: B
In 2023, Indian River Community Foundation reported a deficit of $5.6M with expenses exceeding revenue, holds 49.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Indian River Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.5% | +52.8% | -0.5% |
| 2022 | +9.6% | -3.8% | -12.1% |
| 2021 | +36.5% | +32.9% | +24.6% |
| 2020 | -64.7% | -12.9% | +5.1% |
| 2019 | +81.5% | +5.5% | +50.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Indian River Community Foundation with a Mission Score of 95 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Indian River Community Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 deficit of $5.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is exceptional for an organization with assets exceeding $93 million, indicating a strong commitment to directing funds towards its mission.
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 Indian River Community Foundation:
- Consistent and significant asset growth, from $24.9M in 2014 to $93.9M currently.
- Zero reported officer compensation across all 13 filings, indicating high efficiency and mission focus.
- Strong financial transparency through consistent IRS 990 filings.
- Healthy balance sheet with assets significantly exceeding liabilities (e.g., $78.4M assets vs $5.0M liabilities in 202306).
Frequently Asked Questions about Indian River Community Foundation
Is Indian River Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Indian River Community Foundation (EIN: 201729243) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Indian River Community Foundation spend its money?
Indian River Community Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Indian River Community Foundation tax-deductible?
Indian River Community Foundation is registered as a tax-exempt nonprofit (EIN: 201729243). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Indian River Community Foundation a good charity?
Yes, based on its consistent asset growth, zero reported officer compensation, and strong financial transparency, it appears to be a very well-managed and effective charity.
How does the organization manage its expenses relative to its revenue?
The organization's expenses have generally been well-managed relative to its revenue, allowing for significant asset accumulation. For example, in 202206, revenue was $17,472,868 while expenses were $12,526,164, contributing to asset growth.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, growing from $24,941,537 in 201406 to $93,996,305 in the latest filing, indicating robust financial health and endowment growth.
Filing History
IRS 990 filing history for Indian River Community Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Indian River Community Foundation's revenue has grown by 94.4%, moving from $7.0M to $13.5M. Total assets increased by 848.9% over the same period, from $8.3M to $78.4M. Total functional expenses rose by 292.8%, from $4.9M to $19.1M. In its most recent filing year (2023), Indian River Community Foundation reported a deficit of $5.6M, with expenses exceeding revenue. The organization holds $5.1M in liabilities against $78.4M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $73.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.5M | $19.1M | $78.4M | $5.1M | — | View 990 |
| 2022 | $17.5M | $12.5M | $78.8M | $4.8M | — | View 990 |
| 2021 | $15.9M | $13.0M | $89.6M | $4.0M | — | View 990 |
| 2020 | $11.7M | $9.8M | $71.9M | $2.6M | — | View 990 |
| 2019 | $33.1M | $11.3M | $68.4M | $2.2M | — | View 990 |
| 2018 | $18.2M | $10.7M | $45.6M | $2.7M | — | View 990 |
| 2017 | $11.4M | $6.1M | $35.9M | $1.4M | — | View 990 |
| 2016 | $8.9M | $8.8M | $28.9M | $857K | — | View 990 |
| 2015 | $12.0M | $8.5M | $29.1M | $1.1M | — | View 990 |
| 2014 | $12.6M | $6.9M | $24.9M | $486K | — | View 990 |
| 2013 | $13.7M | $7.2M | $18.9M | $557K | — | View 990 |
| 2012 | $7.0M | $3.6M | $11.6M | $307K | — | View 990 |
| 2011 | $7.0M | $4.9M | $8.3M | $367K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.5M, expenses of $19.1M, and assets of $78.4M (revenue -22.5% year-over-year).
- 2022: Revenue of $17.5M, expenses of $12.5M, and assets of $78.8M (revenue +9.6% year-over-year).
- 2021: Revenue of $15.9M, expenses of $13.0M, and assets of $89.6M (revenue +36.5% year-over-year).
- 2020: Revenue of $11.7M, expenses of $9.8M, and assets of $71.9M (revenue -64.7% year-over-year).
- 2019: Revenue of $33.1M, expenses of $11.3M, and assets of $68.4M (revenue +81.5% year-over-year).
- 2018: Revenue of $18.2M, expenses of $10.7M, and assets of $45.6M (revenue +59.7% year-over-year).
- 2017: Revenue of $11.4M, expenses of $6.1M, and assets of $35.9M (revenue +28.9% year-over-year).
- 2016: Revenue of $8.9M, expenses of $8.8M, and assets of $28.9M (revenue -26.3% year-over-year).
- 2015: Revenue of $12.0M, expenses of $8.5M, and assets of $29.1M (revenue -4.7% year-over-year).
- 2014: Revenue of $12.6M, expenses of $6.9M, and assets of $24.9M (revenue -7.8% year-over-year).
- 2013: Revenue of $13.7M, expenses of $7.2M, and assets of $18.9M (revenue +96.4% year-over-year).
- 2012: Revenue of $7.0M, expenses of $3.6M, and assets of $11.6M (revenue -0.1% year-over-year).
- 2011: Revenue of $7.0M, expenses of $4.9M, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indian River Community Foundation:
Data Sources and Methodology
This transparency report for Indian River Community 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.