Institute Of Current World Affairs Inc
Institute Of Current World Affairs Inc shows consistent asset growth and no reported officer compensation amidst fluctuating revenues.
EIN: 131621044 · Washington, DC · Updated: 2026-03-28
Is Institute Of Current World Affairs Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute Of Current World Affairs Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute Of Current World Affairs Inc
Institute Of Current World Affairs Inc (EIN: 131621044) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $3.3M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute Of Current World Affairs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute Of Current World Affairs Inc is a mid-size nonprofit that has been operating for 94 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $699K |
| Total Expenses | $794K |
| Surplus / Deficit | $-94,536 |
| Total Assets | $8.6M |
| Total Liabilities | $418K |
| Net Assets | $8.2M |
| Operating Margin | -13.5% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 130.3 months |
Financial Health Grade: B
In 2023, Institute Of Current World Affairs Inc reported a deficit of $95K with expenses exceeding revenue, holds 130.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Institute Of Current World Affairs Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.6% | +5.4% | +1.1% |
| 2022 | +62.7% | +5.2% | +11.5% |
| 2021 | -41.6% | +4.9% | +3.1% |
| 2020 | +152.5% | -13.4% | +16.0% |
| 2019 | -43.4% | -10.2% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1932 |
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 Institute Of Current World Affairs 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, Institute Of Current World Affairs 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 $95K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with assets exceeding $8 million. This suggests either a fully volunteer executive leadership or that compensation is structured in a way that falls below IRS reporting thresholds for officers, which could impact 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 Institute Of Current World Affairs Inc's IRS 990 filings:
- No reported officer compensation, which is unusual for an organization of this size and could indicate a lack of transparency regarding executive pay structures if compensation is indeed being paid but not reported as 'officer compensation'.
- Significant year-over-year revenue fluctuations, indicating potential instability in funding sources.
Strengths
The following positive indicators were identified for Institute Of Current World Affairs Inc:
- Consistent asset growth, demonstrating strong financial management and long-term stability (from $5.17M in 2011 to $8.62M in 2023).
- Low liabilities relative to assets, indicating a healthy balance sheet (e.g., $417,864 liabilities vs $8,618,565 assets in 2023).
- Relatively stable expense levels despite revenue fluctuations, suggesting good cost control.
- Positive net assets, indicating financial resilience.
Frequently Asked Questions about Institute Of Current World Affairs Inc
Is Institute Of Current World Affairs Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute Of Current World Affairs Inc (EIN: 131621044) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Institute Of Current World Affairs Inc spend its money?
Institute Of Current World Affairs Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Institute Of Current World Affairs Inc tax-deductible?
Institute Of Current World Affairs Inc is registered as a tax-exempt nonprofit (EIN: 131621044). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Institute Of Current World Affairs Inc manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that compensation is paid to non-officer roles, or falls below the IRS reporting thresholds for officers. Further review of the full 990 forms would be needed to clarify this structure.
What are the primary sources of the organization's fluctuating revenue?
Without detailed breakdowns from the 990 forms, it's difficult to pinpoint the exact sources. However, the variability suggests reliance on grants, donations, or investment income that can fluctuate year-to-year, rather than highly stable recurring revenue streams.
What is the organization's strategy for asset growth, given its consistent increase in assets?
The consistent growth in assets from $5.17 million in 2011 to $8.62 million in 2023, even during periods where expenses exceeded revenue (e.g., 2023), indicates effective investment management or significant endowment contributions. This suggests a long-term financial sustainability strategy.
Filing History
IRS 990 filing history for Institute Of Current World Affairs Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Institute Of Current World Affairs Inc's revenue has declined by 31.6%, moving from $1.0M to $699K. Total assets increased by 66.7% over the same period, from $5.2M to $8.6M. Total functional expenses rose by 24.3%, from $639K to $794K. In its most recent filing year (2023), Institute Of Current World Affairs Inc reported a deficit of $95K, with expenses exceeding revenue. The organization holds $418K in liabilities against $8.6M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $699K | $794K | $8.6M | $418K | — | — |
| 2022 | $1.6M | $753K | $8.5M | $228K | — | View 990 |
| 2021 | $990K | $716K | $7.6M | $191K | — | View 990 |
| 2020 | $1.7M | $683K | $7.4M | $233K | — | — |
| 2019 | $671K | $788K | $6.4M | $226K | — | — |
| 2015 | $1.2M | $877K | $6.3M | $23K | — | View 990 |
| 2014 | $1.2M | $908K | $6.0M | $40K | — | View 990 |
| 2013 | $953K | $885K | $5.7M | $51K | — | View 990 |
| 2012 | $1.2M | $774K | $5.6M | $18K | — | View 990 |
| 2011 | $1.0M | $639K | $5.2M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $699K, expenses of $794K, and assets of $8.6M (revenue -56.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $753K, and assets of $8.5M (revenue +62.7% year-over-year).
- 2021: Revenue of $990K, expenses of $716K, and assets of $7.6M (revenue -41.6% year-over-year).
- 2020: Revenue of $1.7M, expenses of $683K, and assets of $7.4M (revenue +152.5% year-over-year).
- 2019: Revenue of $671K, expenses of $788K, and assets of $6.4M (revenue -43.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $877K, and assets of $6.3M (revenue -4.1% year-over-year).
- 2014: Revenue of $1.2M, expenses of $908K, and assets of $6.0M (revenue +29.8% year-over-year).
- 2013: Revenue of $953K, expenses of $885K, and assets of $5.7M (revenue -20.2% year-over-year).
- 2012: Revenue of $1.2M, expenses of $774K, and assets of $5.6M (revenue +16.7% year-over-year).
- 2011: Revenue of $1.0M, expenses of $639K, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute Of Current World Affairs Inc:
Data Sources and Methodology
This transparency report for Institute Of Current World Affairs 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.