Irish Georgian Society Inc
Irish Georgian Society Inc. consistently operates with expenses exceeding revenue but maintains a strong asset base and reports no officer compensation.
EIN: 136264537 · Chicago, IL · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $707K |
| Program Spending | 85% |
| Net Assets | $999K |
| Transparency Score | 85/100 |
Is Irish Georgian Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Irish Georgian Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Irish Georgian Society Inc
Irish Georgian Society Inc (EIN: 136264537) is a nonprofit organization based in Chicago, IL, classified under NTEE code A80. The organization reported total revenue of $1.4M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Irish Georgian Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Irish Georgian Society Inc is a mid-size nonprofit that has been operating for 12 years, with 15 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $692K |
| Total Expenses | $707K |
| Surplus / Deficit | $-14,907 |
| Total Assets | $1.1M |
| Total Liabilities | $71K |
| Net Assets | $999K |
| Operating Margin | -2.2% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 18.2 months |
Financial Health Grade: B
In 2023, Irish Georgian Society Inc reported a deficit of $15K with expenses exceeding revenue, holds 18.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 15 years of filings (2008–2023), Irish Georgian Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | -9.9% | +16.1% |
| 2022 | +62.7% | +68.8% | -17.1% |
| 2020 | -35.6% | -34.0% | +6.5% |
| 2019 | -30.2% | -19.5% | +4.7% |
| 2018 | +1.8% | -7.6% | -12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
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 Irish Georgian Society 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Irish Georgian Society 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 deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size.
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 Irish Georgian Society Inc's IRS 990 filings:
- Consistent operational deficits where expenses exceed revenue in recent years (e.g., 2023, 2022, 2020, 2019, 2017, 2016, 2013).
Strengths
The following positive indicators were identified for Irish Georgian Society Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Strong and stable asset base, consistently over $900,000, providing financial resilience.
- Very low liabilities, indicating excellent financial solvency and minimal debt.
- Long history of IRS 990 filings (15 filings), suggesting established operations and transparency.
Frequently Asked Questions about Irish Georgian Society Inc
Is Irish Georgian Society Inc a legitimate charity?
Irish Georgian Society Inc (EIN: 136264537) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 15 years of IRS 990 filings on record. Total revenue: $1.4M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Irish Georgian Society Inc spend its money?
Irish Georgian Society Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Irish Georgian Society Inc tax-deductible?
Irish Georgian Society Inc is registered as a tax-exempt nonprofit (EIN: 136264537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Irish Georgian Society Inc's spending goes to programs?
Irish Georgian Society Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Irish Georgian Society Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Irish Georgian Society Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Irish Georgian Society Inc located?
Irish Georgian Society Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 136264537. It is classified under NTEE code A80.
How many years of IRS 990 filings does Irish Georgian Society Inc have?
Irish Georgian Society Inc has 15 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 $1.4M in total revenue.
Is Irish Georgian Society Inc. a good charity?
Based on the provided data, the Irish Georgian Society Inc. appears to be a good charity. It maintains a strong asset base, has very low liabilities, and notably reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds. While expenses have exceeded revenue in recent years, its substantial assets suggest financial resilience.
How does the organization manage its finances given recurring revenue deficits?
Despite recurring instances where expenses exceed revenue (e.g., $706,951 expenses vs. $692,044 revenue in 2023), the organization maintains a robust asset base, which was $1,070,756 in 2023. This suggests that it likely draws upon accumulated reserves or endowment funds to cover operational shortfalls, ensuring continued program delivery.
What is the trend in the organization's assets and liabilities?
The organization's assets have consistently remained strong, generally above $900,000 and reaching $1,070,756 in 2023. Liabilities have remained very low across all reported periods, for example, $71,490 in 2023 and $10,373 in 2022, indicating excellent financial health and minimal debt burden.
Filing History
IRS 990 filing history for Irish Georgian Society Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2008–2023), Irish Georgian Society Inc's revenue has grown by 52.3%, moving from $454K to $692K. Total assets decreased by 18.6% over the same period, from $1.3M to $1.1M. Total functional expenses rose by 25.1%, from $565K to $707K. In its most recent filing year (2023), Irish Georgian Society Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $71K in liabilities against $1.1M in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $999K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $692K | $707K | $1.1M | $71K | — | — |
| 2022 | $678K | $784K | $922K | $10K | — | View 990 |
| 2020 | $417K | $464K | $1.1M | $44K | — | View 990 |
| 2019 | $648K | $703K | $1.0M | $10K | — | View 990 |
| 2018 | $928K | $874K | $998K | $9K | — | View 990 |
| 2017 | $912K | $946K | $1.1M | $59K | — | View 990 |
| 2016 | $574K | $600K | $1.1M | $26K | — | View 990 |
| 2015 | $530K | $514K | $1.1M | $28K | — | View 990 |
| 2014 | $371K | $296K | $1.1M | $19K | — | View 990 |
| 2013 | $201K | $262K | $1.0M | $0 | — | View 990 |
| 2012 | $222K | $315K | $1.1M | $0 | — | View 990 |
| 2011 | $318K | $420K | $1.2M | $0 | — | View 990 |
| 2010 | $321K | $243K | $1.3M | $620 | — | View 990 |
| 2009 | $274K | $384K | $1.2M | $10K | — | View 990 |
| 2008 | $454K | $565K | $1.3M | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $692K, expenses of $707K, and assets of $1.1M (revenue +2.0% year-over-year).
- 2022: Revenue of $678K, expenses of $784K, and assets of $922K (revenue +62.7% year-over-year).
- 2020: Revenue of $417K, expenses of $464K, and assets of $1.1M (revenue -35.6% year-over-year).
- 2019: Revenue of $648K, expenses of $703K, and assets of $1.0M (revenue -30.2% year-over-year).
- 2018: Revenue of $928K, expenses of $874K, and assets of $998K (revenue +1.8% year-over-year).
- 2017: Revenue of $912K, expenses of $946K, and assets of $1.1M (revenue +58.8% year-over-year).
- 2016: Revenue of $574K, expenses of $600K, and assets of $1.1M (revenue +8.4% year-over-year).
- 2015: Revenue of $530K, expenses of $514K, and assets of $1.1M (revenue +42.9% year-over-year).
- 2014: Revenue of $371K, expenses of $296K, and assets of $1.1M (revenue +84.4% year-over-year).
- 2013: Revenue of $201K, expenses of $262K, and assets of $1.0M (revenue -9.6% year-over-year).
- 2012: Revenue of $222K, expenses of $315K, and assets of $1.1M (revenue -30.0% year-over-year).
- 2011: Revenue of $318K, expenses of $420K, and assets of $1.2M (revenue -1.0% year-over-year).
- 2010: Revenue of $321K, expenses of $243K, and assets of $1.3M (revenue +17.0% year-over-year).
- 2009: Revenue of $274K, expenses of $384K, and assets of $1.2M (revenue -39.6% year-over-year).
- 2008: Revenue of $454K, expenses of $565K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Irish Georgian Society Inc:
Data Sources and Methodology
This transparency report for Irish Georgian Society 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.