Ipers Harbor Commerce Center Inc
Ipers Harbor Commerce Center Inc consistently generates significant surpluses with no reported officer compensation.
EIN: 203010680 · Chicago, IL · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $929K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $46 |
| Net Assets | $49.0M |
| Transparency Score | 95/100 |
Is Ipers Harbor Commerce Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ipers Harbor Commerce Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ipers Harbor Commerce Center Inc
Ipers Harbor Commerce Center Inc (EIN: 203010680) is a nonprofit organization based in Chicago, IL, classified under NTEE code S47. The organization reported total revenue of $2.5M and total assets of $46.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ipers Harbor Commerce Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ipers Harbor Commerce Center Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $929K |
| Surplus / Deficit | +$1.1M |
| Total Assets | $49.3M |
| Total Liabilities | $318K |
| Net Assets | $49.0M |
| Operating Margin | 54.5% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 637.3 months |
Financial Health Grade: A
In 2024, Ipers Harbor Commerce Center Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 637.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Ipers Harbor Commerce Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.9% | +4.6% | -2.3% |
| 2023 | +16.3% | -10.5% | -9.4% |
| 2022 | -47.4% | -54.8% | -24.1% |
| 2021 | +11.8% | +16.2% | +23.3% |
| 2020 | +1.0% | +2.1% | +10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Ipers Harbor Commerce Center Inc with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Ipers Harbor Commerce Center Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization of its size with assets exceeding $46 million and suggests a volunteer-led executive structure or compensation is covered by an affiliated entity.
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 Ipers Harbor Commerce Center Inc's IRS 990 filings:
- Unusually low liabilities relative to assets in recent years, potentially indicating a shift in financial structure or reporting.
- Lack of detailed breakdown for program vs. administrative expenses in provided data, making precise efficiency calculation difficult without full 990 forms.
Strengths
The following positive indicators were identified for Ipers Harbor Commerce Center Inc:
- Consistent financial surpluses, with revenue significantly exceeding expenses in all reported periods.
- Strong and growing asset base, increasing from $30.8 million in 2015 to over $46 million currently.
- Zero reported officer compensation, indicating a high dedication of resources to the mission.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Demonstrated long-term financial stability over more than a decade of filings.
Frequently Asked Questions about Ipers Harbor Commerce Center Inc
Is Ipers Harbor Commerce Center Inc a legitimate charity?
Ipers Harbor Commerce Center Inc (EIN: 203010680) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Ipers Harbor Commerce Center Inc spend its money?
Ipers Harbor Commerce Center Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ipers Harbor Commerce Center Inc tax-deductible?
Ipers Harbor Commerce Center Inc is registered as a tax-exempt nonprofit (EIN: 203010680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ipers Harbor Commerce Center Inc CEO make?
Ipers Harbor Commerce Center Inc's highest-compensated officer earns $46 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ipers Harbor Commerce Center Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Ipers Harbor Commerce Center Inc is above average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ipers Harbor Commerce Center Inc located?
Ipers Harbor Commerce Center Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 203010680. It is classified under NTEE code S47.
How many years of IRS 990 filings does Ipers Harbor Commerce Center Inc have?
Ipers Harbor Commerce Center 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 $2.5M in total revenue.
Is Ipers Harbor Commerce Center Inc a good charity?
Based on the financial data, Ipers Harbor Commerce Center Inc appears to be a financially sound organization with excellent spending efficiency, consistently generating surpluses and maintaining a strong asset base. The absence of officer compensation is a significant positive indicator of resource allocation.
How does Ipers Harbor Commerce Center Inc manage its expenses?
The organization consistently manages its expenses well below its revenue. For example, in 202406, expenses were $928,844 against revenue of $2,039,508, demonstrating a strong ability to operate efficiently and accumulate reserves.
What is the trend in Ipers Harbor Commerce Center Inc's assets?
Ipers Harbor Commerce Center Inc has shown consistent asset growth over the past decade, increasing from $30,873,651 in 2015 to $46,245,678 currently, indicating strong financial health and accumulation of resources.
Does Ipers Harbor Commerce Center Inc pay its executives?
According to all available IRS 990 filings, Ipers Harbor Commerce Center Inc reports 0% officer compensation, meaning no executives are paid directly by the organization.
Filing History
IRS 990 filing history for Ipers Harbor Commerce Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Ipers Harbor Commerce Center Inc's revenue has declined by 1.6%, moving from $2.1M to $2.0M. Total assets increased by 113% over the same period, from $23.2M to $49.3M. Total functional expenses fell by 46.6%, from $1.7M to $929K. In its most recent filing year (2024), Ipers Harbor Commerce Center Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $318K in liabilities against $49.3M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $49.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.0M | $929K | $49.3M | $318K | — | View 990 |
| 2023 | $2.1M | $888K | $50.5M | $379K | — | View 990 |
| 2022 | $1.8M | $992K | $55.7M | $684K | — | View 990 |
| 2021 | $3.5M | $2.2M | $73.4M | $17.0M | — | View 990 |
| 2020 | $3.1M | $1.9M | $59.5M | $9.6M | — | — |
| 2019 | $3.1M | $1.8M | $53.6M | $9.4M | — | View 990 |
| 2018 | $2.6M | $1.7M | $48.8M | $9.0M | — | View 990 |
| 2017 | $2.5M | $1.6M | $42.1M | $8.9M | — | View 990 |
| 2016 | $2.3M | $1.8M | $38.2M | $9.3M | — | View 990 |
| 2015 | $2.0M | $1.6M | $30.9M | $7.3M | — | View 990 |
| 2014 | $2.3M | $1.7M | $27.6M | $7.5M | — | View 990 |
| 2013 | $2.2M | $1.8M | $26.9M | $7.9M | — | View 990 |
| 2012 | $2.1M | $1.7M | $23.2M | $7.9M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.0M, expenses of $929K, and assets of $49.3M (revenue -4.9% year-over-year).
- 2023: Revenue of $2.1M, expenses of $888K, and assets of $50.5M (revenue +16.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $992K, and assets of $55.7M (revenue -47.4% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.2M, and assets of $73.4M (revenue +11.8% year-over-year).
- 2020: Revenue of $3.1M, expenses of $1.9M, and assets of $59.5M (revenue +1.0% year-over-year).
- 2019: Revenue of $3.1M, expenses of $1.8M, and assets of $53.6M (revenue +17.4% year-over-year).
- 2018: Revenue of $2.6M, expenses of $1.7M, and assets of $48.8M (revenue +4.8% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.6M, and assets of $42.1M (revenue +9.2% year-over-year).
- 2016: Revenue of $2.3M, expenses of $1.8M, and assets of $38.2M (revenue +13.2% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.6M, and assets of $30.9M (revenue -12.4% year-over-year).
- 2014: Revenue of $2.3M, expenses of $1.7M, and assets of $27.6M (revenue +5.6% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.8M, and assets of $26.9M (revenue +6.6% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.7M, and assets of $23.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ipers Harbor Commerce Center Inc:
Data Sources and Methodology
This transparency report for Ipers Harbor Commerce Center 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.