Initiative For A Competitive Inner City Inc
Initiative For A Competitive Inner City Inc shows consistent asset growth despite fluctuating revenues and occasional deficits.
EIN: 133772904 · Boston, MA · NTEE: L50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.9M |
| Total Expenses | $9.7M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $11.2M |
| Transparency Score | 85/100 |
Is Initiative For A Competitive Inner City Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Initiative For A Competitive Inner City Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Initiative For A Competitive Inner City Inc
Initiative For A Competitive Inner City Inc (EIN: 133772904) is a nonprofit organization based in Boston, MA, classified under NTEE code L50. The organization reported total revenue of $10.9M and total assets of $13.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Initiative For A Competitive Inner City Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Initiative For A Competitive Inner City Inc is a large nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.1M |
| Total Expenses | $9.7M |
| Surplus / Deficit | $-597,556 |
| Total Assets | $11.6M |
| Total Liabilities | $434K |
| Net Assets | $11.2M |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 14.4 months |
Financial Health Grade: B
In 2023, Initiative For A Competitive Inner City Inc reported a deficit of $598K with expenses exceeding revenue, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Initiative For A Competitive Inner City Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.0% | -3.2% | -0.4% |
| 2022 | +73.5% | +57.6% | +4.7% |
| 2021 | -18.1% | +18.0% | +7.4% |
| 2020 | +25.3% | -14.5% | +42.2% |
| 2019 | +17.8% | +7.8% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Initiative For A Competitive Inner City 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: 75%
- fundraising: 10%
According to IRS 990 filings, Initiative For A Competitive Inner City Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $598K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with over $9 million in annual expenses.
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 Initiative For A Competitive Inner City Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($9,667,573 vs. $9,070,017), indicating a deficit for that year.
- Expenses also exceeded revenue in 2018 ($5,824,778 vs. $5,543,213), showing a recurring pattern of occasional deficits.
Strengths
The following positive indicators were identified for Initiative For A Competitive Inner City Inc:
- Consistent and significant asset growth over the past decade, from $4.5M in 2014 to $11.6M in 2023.
- Zero reported officer compensation across all 13 available filings, indicating strong resource allocation to programs.
- Long history of operations with 13 years of publicly available IRS 990 filings, demonstrating transparency.
- Substantial revenue base, with latest reported revenue at $10,872,120, indicating significant operational capacity.
Frequently Asked Questions about Initiative For A Competitive Inner City Inc
Is Initiative For A Competitive Inner City Inc a legitimate charity?
Initiative For A Competitive Inner City Inc (EIN: 133772904) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Initiative For A Competitive Inner City Inc spend its money?
Initiative For A Competitive Inner City Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Initiative For A Competitive Inner City Inc tax-deductible?
Initiative For A Competitive Inner City Inc is registered as a tax-exempt nonprofit (EIN: 133772904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Initiative For A Competitive Inner City Inc CEO make?
Initiative For A Competitive Inner City Inc's highest-compensated officer earns $9 annually. The organization reported $10.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Initiative For A Competitive Inner City Inc's spending goes to programs?
Initiative For A Competitive Inner City Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Initiative For A Competitive Inner City Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Initiative For A Competitive Inner City Inc is above average for NTEE category L50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Initiative For A Competitive Inner City Inc located?
Initiative For A Competitive Inner City Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 133772904. It is classified under NTEE code L50.
How many years of IRS 990 filings does Initiative For A Competitive Inner City Inc have?
Initiative For A Competitive Inner City Inc has 13 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 $10.9M in total revenue.
Is Initiative For A Competitive Inner City Inc a good charity?
Based on the available data, ICIC appears to be a well-established organization with a strong history of asset growth and a notable commitment to not paying officer compensation. While there was a deficit in 2023, its long-term financial stability and transparency in reporting suggest it is a reputable charity.
How has ICIC's financial health changed over the past few years?
ICIC's financial health has shown consistent asset growth, from $4,538,815 in 2014 to $11,620,463 in 2023. Revenue has fluctuated, with a peak of $11,628,829 in 2022, but expenses have generally been managed, though 2023 saw expenses ($9,667,573) exceed revenue ($9,070,017).
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly significant. It suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, or that compensation is exceptionally low. This indicates a strong dedication of financial resources directly to the mission rather than executive salaries.
Filing History
IRS 990 filing history for Initiative For A Competitive Inner City Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Initiative For A Competitive Inner City Inc's revenue has grown by 160.7%, moving from $3.5M to $9.1M. Total assets increased by 229.6% over the same period, from $3.5M to $11.6M. Total functional expenses rose by 122.3%, from $4.3M to $9.7M. In its most recent filing year (2023), Initiative For A Competitive Inner City Inc reported a deficit of $598K, with expenses exceeding revenue. The organization holds $434K in liabilities against $11.6M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $11.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.1M | $9.7M | $11.6M | $434K | — | — |
| 2022 | $11.6M | $10.0M | $11.7M | $537K | — | View 990 |
| 2021 | $6.7M | $6.3M | $11.1M | $533K | — | View 990 |
| 2020 | $8.2M | $5.4M | $10.4M | $719K | — | — |
| 2019 | $6.5M | $6.3M | $7.3M | $244K | — | View 990 |
| 2018 | $5.5M | $5.8M | $6.7M | $331K | — | View 990 |
| 2017 | $4.9M | $4.3M | $7.6M | $206K | — | — |
| 2016 | $4.4M | $3.5M | $6.4M | $122K | — | View 990 |
| 2015 | $3.1M | $3.1M | $5.4M | $176K | — | View 990 |
| 2014 | $3.5M | $2.8M | $4.5M | $294K | — | View 990 |
| 2013 | $3.5M | $3.7M | $3.4M | $277K | — | View 990 |
| 2012 | $3.3M | $4.1M | $3.1M | $303K | — | View 990 |
| 2011 | $3.5M | $4.3M | $3.5M | $371K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.1M, expenses of $9.7M, and assets of $11.6M (revenue -22.0% year-over-year).
- 2022: Revenue of $11.6M, expenses of $10.0M, and assets of $11.7M (revenue +73.5% year-over-year).
- 2021: Revenue of $6.7M, expenses of $6.3M, and assets of $11.1M (revenue -18.1% year-over-year).
- 2020: Revenue of $8.2M, expenses of $5.4M, and assets of $10.4M (revenue +25.3% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.3M, and assets of $7.3M (revenue +17.8% year-over-year).
- 2018: Revenue of $5.5M, expenses of $5.8M, and assets of $6.7M (revenue +12.4% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.3M, and assets of $7.6M (revenue +12.6% year-over-year).
- 2016: Revenue of $4.4M, expenses of $3.5M, and assets of $6.4M (revenue +39.1% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.1M, and assets of $5.4M (revenue -9.2% year-over-year).
- 2014: Revenue of $3.5M, expenses of $2.8M, and assets of $4.5M (revenue -0.8% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.7M, and assets of $3.4M (revenue +6.5% year-over-year).
- 2012: Revenue of $3.3M, expenses of $4.1M, and assets of $3.1M (revenue -5.6% year-over-year).
- 2011: Revenue of $3.5M, expenses of $4.3M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Initiative For A Competitive Inner City Inc:
Data Sources and Methodology
This transparency report for Initiative For A Competitive Inner City 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.