Investment Company Institute
Investment Company Institute maintains strong financial health with growing assets but reports no officer compensation.
EIN: 135266605 · Washington, DC · Updated: 2026-03-28
Is Investment Company Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Investment Company Institute directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Investment Company Institute
Investment Company Institute (EIN: 135266605) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $109.3M and total assets of $146.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Investment Company Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Investment Company Institute is a major nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84.1M |
| Total Expenses | $77.1M |
| Surplus / Deficit | +$7.0M |
| Total Assets | $148.7M |
| Total Liabilities | $85.6M |
| Net Assets | $63.1M |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 57.6% |
| Months of Reserves | 23.1 months |
Financial Health Grade: A
In 2023, Investment Company Institute reported a surplus of $7.0M with revenue exceeding expenses, holds 23.1 months of operating reserves (strong position), has a debt-to-asset ratio of 57.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Investment Company Institute's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | +12.0% | +12.2% |
| 2022 | +10.6% | +1.3% | +73.8% |
| 2021 | +0.9% | -3.9% | -10.0% |
| 2020 | -9.8% | -5.9% | +4.4% |
| 2019 | +6.7% | +5.4% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1945 |
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 Investment Company Institute with a Mission Score of 75 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, Investment Company Institute 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 $7.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.6%.
Executive Compensation Analysis
The organization consistently reports 0% for 'Officer Comp' across all provided filings, which is highly unusual for an organization with annual revenues exceeding $80 million and assets over $148 million. This suggests executive compensation may be reported under other expense categories or through related entities, making it difficult to assess relative to the organization's size without further detail.
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 Investment Company Institute's IRS 990 filings:
- Consistent 0% reported for 'Officer Comp' despite large organizational size and revenue, raising transparency concerns regarding executive compensation.
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Investment Company Institute:
- Consistent financial surpluses, indicating effective expense management relative to revenue (e.g., $84.1M revenue vs. $77.1M expenses in 202309).
- Significant and consistent growth in assets, from $76.2M in 202109 to $148.6M in 202309, demonstrating strong financial health and stability.
- Robust and growing revenue streams over the past decade, indicating a stable funding base.
Frequently Asked Questions about Investment Company Institute
Is Investment Company Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Investment Company Institute (EIN: 135266605) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Investment Company Institute spend its money?
Investment Company Institute directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Investment Company Institute tax-deductible?
Investment Company Institute is registered as a tax-exempt nonprofit (EIN: 135266605). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How is executive compensation structured and reported, given the 0% 'Officer Comp' on 990s?
The consistent reporting of 0% for 'Officer Comp' on the IRS 990 forms for an organization of this scale (over $80M in revenue) is highly atypical. It suggests that executive compensation might be categorized under other expense lines, paid through a related entity, or that the specific 'Officer Comp' field on the 990 is not capturing the full picture of leadership remuneration. Further investigation into the detailed expense schedules would be necessary to understand how leadership is compensated.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. While the organization consistently generates surpluses (e.g., $84.1M revenue vs. $77.1M expenses in 202309), a granular view of these categories is essential to fully assess spending efficiency and ensure a high percentage of funds are directed towards programmatic activities.
What is the purpose of the significant increase in assets from $76.2M in 202109 to $148.6M in 202309?
The organization's assets nearly doubled from $76,230,571 in 202109 to $148,674,197 in 202309. This substantial growth indicates strong financial management and accumulation of reserves. Understanding the specific allocation of these assets (e.g., investments, property, equipment) would provide insight into the organization's long-term strategic planning and financial stability.
Filing History
IRS 990 filing history for Investment Company Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Investment Company Institute's revenue has grown by 47.5%, moving from $57.0M to $84.1M. Total assets increased by 165.4% over the same period, from $56.0M to $148.7M. Total functional expenses rose by 42.1%, from $54.3M to $77.1M. In its most recent filing year (2023), Investment Company Institute reported a surplus of $7.0M, with revenue exceeding expenses. The organization holds $85.6M in liabilities against $148.7M in assets (debt-to-asset ratio: 57.6%), resulting in net assets of $63.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84.1M | $77.1M | $148.7M | $85.6M | — | View 990 |
| 2022 | $80.1M | $68.9M | $132.5M | $77.4M | — | — |
| 2021 | $72.5M | $68.0M | $76.2M | $35.4M | — | View 990 |
| 2020 | $71.8M | $70.8M | $84.7M | $45.4M | — | — |
| 2019 | $79.7M | $75.2M | $81.1M | $39.4M | — | View 990 |
| 2018 | $74.6M | $71.3M | $78.8M | $34.7M | — | View 990 |
| 2017 | $73.9M | $71.5M | $74.2M | $35.3M | — | View 990 |
| 2016 | $76.4M | $73.5M | $71.3M | $41.2M | — | View 990 |
| 2015 | $73.4M | $71.7M | $66.3M | $33.0M | — | View 990 |
| 2014 | $69.2M | $66.9M | $65.6M | $29.6M | — | View 990 |
| 2013 | $64.3M | $60.4M | $64.3M | $24.7M | — | View 990 |
| 2012 | $63.1M | $60.5M | $61.6M | $39.5M | — | View 990 |
| 2011 | $57.0M | $54.3M | $56.0M | $34.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84.1M, expenses of $77.1M, and assets of $148.7M (revenue +5.0% year-over-year).
- 2022: Revenue of $80.1M, expenses of $68.9M, and assets of $132.5M (revenue +10.6% year-over-year).
- 2021: Revenue of $72.5M, expenses of $68.0M, and assets of $76.2M (revenue +0.9% year-over-year).
- 2020: Revenue of $71.8M, expenses of $70.8M, and assets of $84.7M (revenue -9.8% year-over-year).
- 2019: Revenue of $79.7M, expenses of $75.2M, and assets of $81.1M (revenue +6.7% year-over-year).
- 2018: Revenue of $74.6M, expenses of $71.3M, and assets of $78.8M (revenue +1.0% year-over-year).
- 2017: Revenue of $73.9M, expenses of $71.5M, and assets of $74.2M (revenue -3.3% year-over-year).
- 2016: Revenue of $76.4M, expenses of $73.5M, and assets of $71.3M (revenue +4.1% year-over-year).
- 2015: Revenue of $73.4M, expenses of $71.7M, and assets of $66.3M (revenue +6.0% year-over-year).
- 2014: Revenue of $69.2M, expenses of $66.9M, and assets of $65.6M (revenue +7.7% year-over-year).
- 2013: Revenue of $64.3M, expenses of $60.4M, and assets of $64.3M (revenue +1.8% year-over-year).
- 2012: Revenue of $63.1M, expenses of $60.5M, and assets of $61.6M (revenue +10.7% year-over-year).
- 2011: Revenue of $57.0M, expenses of $54.3M, and assets of $56.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Investment Company Institute:
Data Sources and Methodology
This transparency report for Investment Company Institute 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.