International Council Of Shopping Centers Inc
International Council Of Shopping Centers Inc maintains strong assets despite fluctuating revenues and occasional deficit spending.
EIN: 131854667 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $78.9M |
| Total Expenses | $57.1M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $101.4M |
| Transparency Score | 65/100 |
Is International Council Of Shopping Centers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Council Of Shopping Centers Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About International Council Of Shopping Centers Inc
International Council Of Shopping Centers Inc (EIN: 131854667) is a nonprofit organization based in New York, NY. The organization reported total revenue of $78.9M and total assets of $191.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Council Of Shopping Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Council Of Shopping Centers Inc is a major nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58.4M |
| Total Expenses | $57.1M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $178.9M |
| Total Liabilities | $77.5M |
| Net Assets | $101.4M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 43.3% |
| Months of Reserves | 37.6 months |
Financial Health Grade: A
In 2023, International Council Of Shopping Centers Inc reported a surplus of $1.2M with revenue exceeding expenses, holds 37.6 months of operating reserves (strong position), has a debt-to-asset ratio of 43.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), International Council Of Shopping Centers Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.9% | +5.4% | +6.5% |
| 2022 | +229.2% | +44.8% | +0.4% |
| 2021 | -65.4% | -4.9% | -0.2% |
| 2020 | -41.4% | -43.7% | +3.0% |
| 2019 | -6.0% | -2.6% | +16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1960 |
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 International Council Of Shopping Centers Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, International Council Of Shopping Centers Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.3%.
Executive Compensation Analysis
The provided data consistently reports 0% for officer compensation across all filings, which is highly unusual for an organization with annual revenues often exceeding $50 million and assets over $100 million. This suggests that executive compensation may be reported in a different section of the 990 or is genuinely zero, warranting further investigation into the full tax forms.
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 International Council Of Shopping Centers Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which is highly unusual for an organization of this size and requires further scrutiny of full 990 forms.
- Significant deficit spending in 2021 ($22.14 million) and 2022 ($3.86 million), indicating periods where expenses substantially outstripped revenue.
- Lack of specific NTEE code, which hinders direct comparison and benchmarking against peer organizations.
Strengths
The following positive indicators were identified for International Council Of Shopping Centers Inc:
- Consistent growth in total assets, from $124.26 million in 2014 to $178.87 million in 2023, demonstrating strong financial health.
- Ability to recover from deficit spending years, as evidenced by a return to a surplus in 2023 ($1.22 million revenue over expenses).
- Strong asset base relative to liabilities, indicating good financial solvency and long-term stability.
Frequently Asked Questions about International Council Of Shopping Centers Inc
Is International Council Of Shopping Centers Inc a legitimate charity?
International Council Of Shopping Centers Inc (EIN: 131854667) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $78.9M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does International Council Of Shopping Centers Inc spend its money?
International Council Of Shopping Centers Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to International Council Of Shopping Centers Inc tax-deductible?
International Council Of Shopping Centers Inc is registered as a tax-exempt nonprofit (EIN: 131854667). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the International Council Of Shopping Centers Inc CEO make?
International Council Of Shopping Centers Inc's highest-compensated officer earns $50 annually. The organization reported $78.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of International Council Of Shopping Centers Inc's spending goes to programs?
International Council Of Shopping Centers Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is International Council Of Shopping Centers Inc located?
International Council Of Shopping Centers Inc is headquartered in New York, New York and files with the IRS under EIN 131854667.
How many years of IRS 990 filings does International Council Of Shopping Centers Inc have?
International Council Of Shopping Centers 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 $78.9M in total revenue.
How does ICSC manage its significant revenue fluctuations?
ICSC has experienced substantial revenue swings, from $15.29 million in 2021 to over $80 million in prior years. Despite this, its assets have consistently grown, suggesting effective financial management and reserves to weather lean periods, though it did incur deficits in 2021 and 2022.
What is the true executive compensation for ICSC?
The provided data consistently shows 0% for officer compensation. This is highly atypical for an organization of ICSC's size and revenue, indicating that executive compensation details are likely reported elsewhere in the full IRS Form 990 and require further review.
Is ICSC financially stable given its asset growth?
Yes, ICSC appears financially stable. Its assets have grown from $124.26 million in 2014 to $178.87 million in 2023, consistently exceeding liabilities. This indicates a strong balance sheet and capacity to sustain operations.
Filing History
IRS 990 filing history for International Council Of Shopping Centers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), International Council Of Shopping Centers Inc's revenue has grown by 10.4%, moving from $52.9M to $58.4M. Total assets increased by 110.4% over the same period, from $85.0M to $178.9M. Total functional expenses rose by 1.8%, from $56.1M to $57.1M. In its most recent filing year (2023), International Council Of Shopping Centers Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $77.5M in liabilities against $178.9M in assets (debt-to-asset ratio: 43.3%), resulting in net assets of $101.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58.4M | $57.1M | $178.9M | $77.5M | — | — |
| 2022 | $50.3M | $54.2M | $167.9M | $76.5M | — | — |
| 2021 | $15.3M | $37.4M | $167.3M | $56.4M | — | View 990 |
| 2020 | $44.3M | $39.4M | $167.6M | $54.0M | — | View 990 |
| 2019 | $75.5M | $69.9M | $162.8M | $50.5M | — | — |
| 2018 | $80.3M | $71.8M | $139.9M | $39.0M | — | View 990 |
| 2017 | $81.9M | $79.3M | $148.1M | $61.4M | — | View 990 |
| 2016 | $80.4M | $74.7M | $132.5M | $55.5M | — | View 990 |
| 2015 | $76.8M | $73.5M | $126.7M | $61.2M | — | View 990 |
| 2014 | $77.4M | $69.5M | $124.3M | $62.3M | — | View 990 |
| 2013 | $67.7M | $61.8M | $114.4M | $46.4M | — | View 990 |
| 2012 | $60.8M | $59.5M | $91.8M | $49.3M | — | View 990 |
| 2011 | $52.9M | $56.1M | $85.0M | $45.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58.4M, expenses of $57.1M, and assets of $178.9M (revenue +15.9% year-over-year).
- 2022: Revenue of $50.3M, expenses of $54.2M, and assets of $167.9M (revenue +229.2% year-over-year).
- 2021: Revenue of $15.3M, expenses of $37.4M, and assets of $167.3M (revenue -65.4% year-over-year).
- 2020: Revenue of $44.3M, expenses of $39.4M, and assets of $167.6M (revenue -41.4% year-over-year).
- 2019: Revenue of $75.5M, expenses of $69.9M, and assets of $162.8M (revenue -6.0% year-over-year).
- 2018: Revenue of $80.3M, expenses of $71.8M, and assets of $139.9M (revenue -1.9% year-over-year).
- 2017: Revenue of $81.9M, expenses of $79.3M, and assets of $148.1M (revenue +1.8% year-over-year).
- 2016: Revenue of $80.4M, expenses of $74.7M, and assets of $132.5M (revenue +4.7% year-over-year).
- 2015: Revenue of $76.8M, expenses of $73.5M, and assets of $126.7M (revenue -0.7% year-over-year).
- 2014: Revenue of $77.4M, expenses of $69.5M, and assets of $124.3M (revenue +14.2% year-over-year).
- 2013: Revenue of $67.7M, expenses of $61.8M, and assets of $114.4M (revenue +11.3% year-over-year).
- 2012: Revenue of $60.8M, expenses of $59.5M, and assets of $91.8M (revenue +15.1% year-over-year).
- 2011: Revenue of $52.9M, expenses of $56.1M, and assets of $85.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Council Of Shopping Centers Inc:
Data Sources and Methodology
This transparency report for International Council Of Shopping Centers 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.