Iri Innovative Resources For Independence Inc
Iri Innovative Resources For Independence Inc shows strong financial growth and consistent surpluses with no reported officer compensation.
EIN: 133490223 · Queens Vlg, NY · NTEE: P82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54.7M |
| Total Expenses | $43.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $56 |
| Net Assets | $50.9M |
| Transparency Score | 88/100 |
Is Iri Innovative Resources For Independence Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iri Innovative Resources For Independence Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iri Innovative Resources For Independence Inc
Iri Innovative Resources For Independence Inc (EIN: 133490223) is a nonprofit organization based in Queens Vlg, NY, classified under NTEE code P82Z. The organization reported total revenue of $54.7M and total assets of $80.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iri Innovative Resources For Independence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iri Innovative Resources For Independence Inc is a major nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56.1M |
| Total Expenses | $43.8M |
| Surplus / Deficit | +$12.3M |
| Total Assets | $68.9M |
| Total Liabilities | $18.0M |
| Net Assets | $50.9M |
| Operating Margin | 21.9% |
| Debt-to-Asset Ratio | 26.1% |
| Months of Reserves | 18.9 months |
Financial Health Grade: A
In 2023, Iri Innovative Resources For Independence Inc reported a surplus of $12.3M with revenue exceeding expenses, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 26.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iri Innovative Resources For Independence Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | +10.5% | +20.3% |
| 2022 | +13.2% | +6.2% | +45.3% |
| 2021 | +6.2% | -1.3% | +35.9% |
| 2020 | +16.7% | +13.1% | +68.5% |
| 2019 | +7.5% | -13.2% | +16.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Iri Innovative Resources For Independence Inc with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Iri Innovative Resources For Independence Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $12.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.1%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization of this size ($56 million in revenue). This either indicates that executive compensation is not being reported in the 'Officer Comp' field or that executives are compensated through other means, which would require a deeper dive into the full IRS Form 990, Part VII, Section A for a complete picture.
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 Iri Innovative Resources For Independence Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization with over $50 million in revenue, warranting further investigation into full 990 forms for detailed compensation schedules.
Strengths
The following positive indicators were identified for Iri Innovative Resources For Independence Inc:
- Strong and consistent revenue growth, increasing from $20.6 million in 2014 to $56 million in 2023.
- Healthy financial surpluses, with revenue consistently exceeding expenses (e.g., $56M revenue vs. $43.7M expenses in 2023).
- Significant growth in assets, from $13.6 million in 2014 to $68.8 million in 2023, indicating financial stability and capacity.
- Consistent reporting of financial data over 13 periods, demonstrating transparency in filing.
Frequently Asked Questions about Iri Innovative Resources For Independence Inc
Is Iri Innovative Resources For Independence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iri Innovative Resources For Independence Inc (EIN: 133490223) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Iri Innovative Resources For Independence Inc spend its money?
Iri Innovative Resources For Independence Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Iri Innovative Resources For Independence Inc tax-deductible?
Iri Innovative Resources For Independence Inc is registered as a tax-exempt nonprofit (EIN: 133490223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Iri Innovative Resources For Independence Inc CEO make?
Iri Innovative Resources For Independence Inc's highest-compensated officer earns $56 annually. The organization reported $54.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Iri Innovative Resources For Independence Inc's spending goes to programs?
Iri Innovative Resources For Independence Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Iri Innovative Resources For Independence Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Iri Innovative Resources For Independence Inc is above average for NTEE category P82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Iri Innovative Resources For Independence Inc located?
Iri Innovative Resources For Independence Inc is headquartered in Queens Vlg, New York and files with the IRS under EIN 133490223. It is classified under NTEE code P82Z.
How many years of IRS 990 filings does Iri Innovative Resources For Independence Inc have?
Iri Innovative Resources For Independence 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 $54.7M in total revenue.
Is Iri Innovative Resources For Independence Inc a good charity?
Based on the available data, Iri Innovative Resources For Independence Inc appears to be a financially healthy and well-managed organization. They demonstrate strong revenue growth, consistent surpluses, and a significant asset base. The lack of reported officer compensation is a notable point that would require further investigation into their full 990 forms for complete transparency on executive pay.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has more than doubled from $20.6 million in 2014 to $56 million in 2023, and assets have grown from $13.6 million to $68.8 million in the same period. They have consistently maintained a positive net income, indicating sustainable operations and growth.
What is the organization's program efficiency?
While specific program spending percentages are not directly provided in the summary data, the consistent surpluses (e.g., $56M revenue vs. $43.7M expenses in 2023) suggest that a significant portion of their budget is available for program services after covering operational costs. Assuming a typical breakdown for a service-oriented nonprofit, a high percentage of expenses would likely go towards programs.
Filing History
IRS 990 filing history for Iri Innovative Resources For Independence Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iri Innovative Resources For Independence Inc's revenue has grown by 240.4%, moving from $16.5M to $56.1M. Total assets increased by 548.3% over the same period, from $10.6M to $68.9M. Total functional expenses rose by 174%, from $16.0M to $43.8M. In its most recent filing year (2023), Iri Innovative Resources For Independence Inc reported a surplus of $12.3M, with revenue exceeding expenses. The organization holds $18.0M in liabilities against $68.9M in assets (debt-to-asset ratio: 26.1%), resulting in net assets of $50.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56.1M | $43.8M | $68.9M | $18.0M | — | View 990 |
| 2022 | $54.2M | $39.7M | $57.3M | $18.6M | — | View 990 |
| 2021 | $47.9M | $37.3M | $39.4M | $15.4M | — | View 990 |
| 2020 | $45.1M | $37.8M | $29.0M | $15.6M | — | View 990 |
| 2019 | $38.7M | $33.4M | $17.2M | $11.1M | — | View 990 |
| 2018 | $36.0M | $38.5M | $14.8M | $13.9M | — | View 990 |
| 2017 | $35.5M | $35.4M | $17.8M | $12.4M | — | View 990 |
| 2016 | $27.1M | $26.0M | $16.8M | $11.5M | — | View 990 |
| 2015 | $22.8M | $22.2M | $14.6M | $10.5M | — | View 990 |
| 2014 | $20.7M | $19.9M | $13.7M | $10.2M | — | View 990 |
| 2013 | $18.5M | $18.1M | $11.1M | $8.1M | — | View 990 |
| 2012 | $16.4M | $16.4M | $10.2M | $7.6M | — | View 990 |
| 2011 | $16.5M | $16.0M | $10.6M | $8.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56.1M, expenses of $43.8M, and assets of $68.9M (revenue +3.4% year-over-year).
- 2022: Revenue of $54.2M, expenses of $39.7M, and assets of $57.3M (revenue +13.2% year-over-year).
- 2021: Revenue of $47.9M, expenses of $37.3M, and assets of $39.4M (revenue +6.2% year-over-year).
- 2020: Revenue of $45.1M, expenses of $37.8M, and assets of $29.0M (revenue +16.7% year-over-year).
- 2019: Revenue of $38.7M, expenses of $33.4M, and assets of $17.2M (revenue +7.5% year-over-year).
- 2018: Revenue of $36.0M, expenses of $38.5M, and assets of $14.8M (revenue +1.4% year-over-year).
- 2017: Revenue of $35.5M, expenses of $35.4M, and assets of $17.8M (revenue +31.1% year-over-year).
- 2016: Revenue of $27.1M, expenses of $26.0M, and assets of $16.8M (revenue +18.8% year-over-year).
- 2015: Revenue of $22.8M, expenses of $22.2M, and assets of $14.6M (revenue +10.1% year-over-year).
- 2014: Revenue of $20.7M, expenses of $19.9M, and assets of $13.7M (revenue +11.8% year-over-year).
- 2013: Revenue of $18.5M, expenses of $18.1M, and assets of $11.1M (revenue +12.6% year-over-year).
- 2012: Revenue of $16.4M, expenses of $16.4M, and assets of $10.2M (revenue -0.2% year-over-year).
- 2011: Revenue of $16.5M, expenses of $16.0M, and assets of $10.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iri Innovative Resources For Independence Inc:
Data Sources and Methodology
This transparency report for Iri Innovative Resources For Independence 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.