Isec Foundation
Isec Foundation faces significant financial challenges with expenses consistently exceeding revenue in recent years.
EIN: 205632234 · Wilmington, DE · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $253K |
| Total Expenses | $152K |
| Program Spending | 70% |
| Net Assets | $249K |
| Transparency Score | 45/100 |
Is Isec Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Isec Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Isec Foundation
Isec Foundation (EIN: 205632234) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T21. The organization reported total revenue of $253K and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Isec Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Isec Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -23.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $152K |
| Surplus / Deficit | $-148,468 |
| Total Assets | $249K |
| Total Liabilities | $1 |
| Net Assets | $249K |
| Operating Margin | -4737.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.7 months |
Financial Health Grade: B
In 2023, Isec Foundation reported a deficit of $148K with expenses exceeding revenue, holds 19.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Isec Foundation's revenue has declined at a compound annual growth rate (CAGR) of -23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +86.4% | +69.0% | -37.4% |
| 2022 | -99.3% | -60.4% | -18.1% |
| 2021 | -0.5% | -0.2% | +5.7% |
| 2020 | -5.3% | +53.6% | +6.1% |
| 2019 | +298.7% | +51.4% | +71.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Isec Foundation with a Mission Score of 45 out of 100 (Fair). 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, Isec Foundation 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 deficit of $148K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are not compensated, which is a positive for donor perception regarding leadership costs.
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 Isec Foundation's IRS 990 filings:
- Significant and consistent negative net income in recent years (e.g., -$148,468 in 2023, -$88,028 in 2022).
- Expenses consistently exceeding revenue in recent filings, indicating potential financial instability.
- Declining asset base from a peak of $485,028 in 2021 to $248,532 in 2023, suggesting reliance on reserves.
Strengths
The following positive indicators were identified for Isec Foundation:
- Consistent reporting of 0% officer compensation, indicating a volunteer-led or uncompensated leadership.
- Maintains a positive asset balance, despite recent declines, with $325,129 in latest assets.
Frequently Asked Questions about Isec Foundation
Is Isec Foundation a legitimate charity?
Isec Foundation (EIN: 205632234) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $253K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Isec Foundation spend its money?
Isec Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Isec Foundation tax-deductible?
Isec Foundation is registered as a tax-exempt nonprofit (EIN: 205632234). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Isec Foundation's spending goes to programs?
Isec Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Isec Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Isec Foundation is near average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Isec Foundation located?
Isec Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 205632234. It is classified under NTEE code T21.
How many years of IRS 990 filings does Isec Foundation have?
Isec Foundation has 10 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 $253K in total revenue.
Is Isec Foundation a good charity?
While the organization reports 0% officer compensation, a positive for transparency, its recent financial performance shows significant expenses far exceeding revenue (e.g., $151,602 expenses vs. $3,134 revenue in 2023). This raises concerns about financial stability and sustainability, making it difficult to definitively label it as a 'good' charity without further insight into its funding model and program impact.
How does Isec Foundation fund its operations given recent revenue shortfalls?
The data indicates that in recent years (2022 and 2023), Isec Foundation's expenses have significantly outpaced its reported revenue. For example, in 2023, expenses were $151,602 while revenue was only $3,134. This suggests the organization is likely drawing from accumulated assets or relying on other undisclosed funding mechanisms to cover operational costs, which is not sustainable long-term.
What is the trend in Isec Foundation's assets?
Isec Foundation's assets have fluctuated, peaking at $485,028 in 2021 and declining to $248,532 in 2023. This decline, coupled with recent years of expenses exceeding revenue, suggests a depletion of reserves to cover operational costs.
Filing History
IRS 990 filing history for Isec Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Isec Foundation's revenue has declined by 95.7%, moving from $73K to $3K. Total assets increased by 5.4% over the same period, from $236K to $249K. Total functional expenses rose by 153.8%, from $60K to $152K. In its most recent filing year (2023), Isec Foundation reported a deficit of $148K, with expenses exceeding revenue. The organization holds $1 in liabilities against $249K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $249K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $152K | $249K | $1 | — | View 990 |
| 2022 | $2K | $90K | $397K | $1 | — | View 990 |
| 2021 | $252K | $226K | $485K | $1 | — | — |
| 2020 | $253K | $227K | $459K | $1 | — | — |
| 2019 | $267K | $148K | $432K | $1 | — | View 990 |
| 2015 | $67K | $98K | $252K | $1 | — | View 990 |
| 2014 | $109K | $59K | $282K | $1 | — | View 990 |
| 2013 | $25K | $68K | $232K | $1 | — | View 990 |
| 2012 | $63K | $22K | $276K | $1 | — | View 990 |
| 2011 | $73K | $60K | $236K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $152K, and assets of $249K (revenue +86.4% year-over-year).
- 2022: Revenue of $2K, expenses of $90K, and assets of $397K (revenue -99.3% year-over-year).
- 2021: Revenue of $252K, expenses of $226K, and assets of $485K (revenue -0.5% year-over-year).
- 2020: Revenue of $253K, expenses of $227K, and assets of $459K (revenue -5.3% year-over-year).
- 2019: Revenue of $267K, expenses of $148K, and assets of $432K (revenue +298.7% year-over-year).
- 2015: Revenue of $67K, expenses of $98K, and assets of $252K (revenue -38.2% year-over-year).
- 2014: Revenue of $109K, expenses of $59K, and assets of $282K (revenue +337.1% year-over-year).
- 2013: Revenue of $25K, expenses of $68K, and assets of $232K (revenue -60.3% year-over-year).
- 2012: Revenue of $63K, expenses of $22K, and assets of $276K (revenue -14.0% year-over-year).
- 2011: Revenue of $73K, expenses of $60K, and assets of $236K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Isec Foundation:
Data Sources and Methodology
This transparency report for Isec Foundation 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.