Information Technology And Innovation Foundation
Information Technology And Innovation Foundation shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 204403497 · Washington, DC · NTEE: S013 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $7.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $8.2M |
| Transparency Score | 85/100 |
Is Information Technology And Innovation Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Information Technology And Innovation Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Information Technology And Innovation Foundation
Information Technology And Innovation Foundation (EIN: 204403497) is a nonprofit organization based in Washington, DC, classified under NTEE code S013. The organization reported total revenue of $7.3M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Information Technology And Innovation Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Information Technology And Innovation Foundation is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $7.5M |
| Surplus / Deficit | +$79K |
| Total Assets | $11.6M |
| Total Liabilities | $3.4M |
| Net Assets | $8.2M |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 29.1% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, Information Technology And Innovation Foundation reported a surplus of $79K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 29.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Information Technology And Innovation Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | +36.1% | -6.3% |
| 2022 | +9.7% | +20.3% | +25.2% |
| 2021 | +29.5% | -0.1% | +46.5% |
| 2020 | +21.5% | +11.0% | +29.4% |
| 2019 | +8.6% | +5.9% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Information Technology And Innovation Foundation 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, Information Technology And Innovation Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $79K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.1%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all 12 filings, which is highly unusual for an organization of ITIF's size with over $7 million in annual revenue. This suggests executive compensation is either not reported under 'Officer Comp' or is categorized differently, warranting further investigation for complete transparency.
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 Information Technology And Innovation Foundation's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and may obscure actual executive pay categorization.
Strengths
The following positive indicators were identified for Information Technology And Innovation Foundation:
- Consistent and significant revenue growth from $3.6M in 2014 to $7.5M in 2023.
- Strong asset accumulation, growing from $4M in 2014 to over $11.6M in 2023, indicating financial stability.
- Expenses generally track with revenue, suggesting active program delivery.
- Positive net assets maintained across all reported periods.
Frequently Asked Questions about Information Technology And Innovation Foundation
Is Information Technology And Innovation Foundation a legitimate charity?
Information Technology And Innovation Foundation (EIN: 204403497) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $7.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Information Technology And Innovation Foundation spend its money?
Information Technology And Innovation Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Information Technology And Innovation Foundation tax-deductible?
Information Technology And Innovation Foundation is registered as a tax-exempt nonprofit (EIN: 204403497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Information Technology And Innovation Foundation CEO make?
Information Technology And Innovation Foundation's highest-compensated officer earns $7 annually. The organization reported $7.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Information Technology And Innovation Foundation's spending goes to programs?
Information Technology And Innovation Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Information Technology And Innovation Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Information Technology And Innovation Foundation is above average for NTEE category S013 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Information Technology And Innovation Foundation located?
Information Technology And Innovation Foundation is headquartered in Washington, Washington DC and files with the IRS under EIN 204403497. It is classified under NTEE code S013.
How many years of IRS 990 filings does Information Technology And Innovation Foundation have?
Information Technology And Innovation Foundation 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 $7.3M in total revenue.
Is Information Technology And Innovation Foundation a good charity?
Based on the available financial data, ITIF appears to be a financially healthy organization with consistent revenue growth and asset accumulation. The lack of reported officer compensation is a unique aspect that could be viewed positively for efficiency, though it warrants further inquiry into how executive salaries are accounted for. Their financial stability suggests a strong capacity to deliver on their mission.
How has ITIF's revenue changed over time?
ITIF has experienced significant revenue growth, increasing from $3,665,957 in 2014 to $7,572,049 in 2023, demonstrating a strong upward trend in funding.
What is ITIF's asset growth like?
The organization's assets have grown substantially, from $4,023,615 in 2014 to $11,637,943 in 2023, indicating a healthy accumulation of resources and financial stability.
Are there any concerns about executive compensation?
The consistent reporting of 0% for 'Officer Comp' across all filings is unusual for an organization of this size. While it could indicate high efficiency, it also suggests that executive salaries might be categorized elsewhere, and a deeper look into their Form 990 would be needed to understand the full picture of executive compensation.
Filing History
IRS 990 filing history for Information Technology And Innovation Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Information Technology And Innovation Foundation's revenue has grown by 122.2%, moving from $3.4M to $7.6M. Total assets increased by 267.4% over the same period, from $3.2M to $11.6M. Total functional expenses rose by 202.3%, from $2.5M to $7.5M. In its most recent filing year (2023), Information Technology And Innovation Foundation reported a surplus of $79K, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $11.6M in assets (debt-to-asset ratio: 29.1%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $7.5M | $11.6M | $3.4M | — | View 990 |
| 2022 | $7.0M | $5.5M | $12.4M | $5.1M | — | View 990 |
| 2021 | $6.4M | $4.6M | $9.9M | $4.2M | — | View 990 |
| 2020 | $4.9M | $4.6M | $6.8M | $2.9M | — | View 990 |
| 2019 | $4.1M | $4.1M | $5.2M | $1.8M | — | View 990 |
| 2018 | $3.7M | $3.9M | $5.1M | $1.7M | — | View 990 |
| 2017 | $3.7M | $3.5M | $4.5M | $954K | — | View 990 |
| 2016 | $3.4M | $3.3M | $4.1M | $1.2M | — | View 990 |
| 2015 | $3.6M | $3.7M | $4.0M | $1.1M | — | View 990 |
| 2014 | $3.7M | $3.2M | $4.0M | $1.1M | — | View 990 |
| 2013 | $3.6M | $3.5M | $3.8M | $1.3M | — | View 990 |
| 2012 | $3.4M | $2.5M | $3.2M | $747K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.6M, expenses of $7.5M, and assets of $11.6M (revenue +8.0% year-over-year).
- 2022: Revenue of $7.0M, expenses of $5.5M, and assets of $12.4M (revenue +9.7% year-over-year).
- 2021: Revenue of $6.4M, expenses of $4.6M, and assets of $9.9M (revenue +29.5% year-over-year).
- 2020: Revenue of $4.9M, expenses of $4.6M, and assets of $6.8M (revenue +21.5% year-over-year).
- 2019: Revenue of $4.1M, expenses of $4.1M, and assets of $5.2M (revenue +8.6% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.9M, and assets of $5.1M (revenue +1.5% year-over-year).
- 2017: Revenue of $3.7M, expenses of $3.5M, and assets of $4.5M (revenue +7.8% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.3M, and assets of $4.1M (revenue -5.5% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.7M, and assets of $4.0M (revenue -1.3% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.2M, and assets of $4.0M (revenue +2.3% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.5M, and assets of $3.8M (revenue +5.2% year-over-year).
- 2012: Revenue of $3.4M, expenses of $2.5M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Information Technology And Innovation Foundation:
Data Sources and Methodology
This transparency report for Information Technology And Innovation 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.