Italian American Committee On Education Inc
Italian American Committee On Education Inc consistently generates surpluses and shows strong asset growth with no reported officer compensation.
EIN: 133191398 · New York, NY · NTEE: A700 · Updated: 2026-03-28
Is Italian American Committee On Education Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Italian American Committee On Education Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Italian American Committee On Education Inc
Italian American Committee On Education Inc (EIN: 133191398) is a nonprofit organization based in New York, NY, classified under NTEE code A700. The organization reported total revenue of $1.9M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Italian American Committee On Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Italian American Committee On Education Inc with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Italian American Committee On Education Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
No officer compensation has been reported in any of the 14 available IRS 990 filings, indicating that executive leadership is either entirely volunteer-based or compensated below reporting thresholds, which is highly favorable for a nonprofit of this size with revenues consistently over $1.5 million.
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 Italian American Committee On Education Inc's IRS 990 filings:
- Significant increase in liabilities in 2023 ($878,702) compared to previous years (e.g., $34 in 2022), warranting further investigation into its nature.
Strengths
The following positive indicators were identified for Italian American Committee On Education Inc:
- Consistent revenue generation, with 2023 revenue at $2,343,383.
- Strong asset growth, reaching $1,764,908 in 2023 from minimal levels in prior years.
- Consistent operating surpluses in recent years (e.g., $174,102 in 2023, $187,064 in 2022).
- No reported officer compensation across all 14 filings, indicating high efficiency and dedication to mission.
- Excellent program spending ratio due to minimal administrative and fundraising overhead.
Frequently Asked Questions about Italian American Committee On Education Inc
Is Italian American Committee On Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Italian American Committee On Education Inc (EIN: 133191398) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Italian American Committee On Education Inc spend its money?
Italian American Committee On Education Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Italian American Committee On Education Inc tax-deductible?
Italian American Committee On Education Inc is registered as a tax-exempt nonprofit (EIN: 133191398). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Italian American Committee On Education Inc a good charity?
Based on the available financial data, IACE appears to be a very good charity. They consistently generate surpluses, have shown significant asset growth, and report no officer compensation, suggesting a strong dedication to their mission and efficient use of funds.
How has IACE's financial health changed over time?
IACE's financial health has improved significantly. While they had periods of near break-even or slight deficits in earlier years (e.g., 2018, 2017), recent years show consistent surpluses (e.g., $174,102 in 2023, $187,064 in 2022) and substantial asset growth from minimal levels to $1,764,908 in 2023.
What is the trend in IACE's assets and liabilities?
IACE's assets have shown a strong upward trend, growing from $27,116 in 2019 to $1,764,908 in 2023. Liabilities have remained relatively low or zero for most periods, though they increased to $878,702 in 2023, which should be monitored but is still well-covered by assets.
Filing History
IRS 990 filing history for Italian American Committee On Education Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Italian American Committee On Education Inc's revenue has grown by 70.8%, moving from $1.4M to $2.3M. Total assets increased by 44122600% over the same period, from $4 to $1.8M. Total functional expenses rose by 58.1%, from $1.4M to $2.2M. In its most recent filing year (2023), Italian American Committee On Education Inc reported a surplus of $174K, with revenue exceeding expenses. The organization holds $879K in liabilities against $1.8M in assets (debt-to-asset ratio: 49.8%), resulting in net assets of $886K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.2M | $1.8M | $879K | — | — |
| 2022 | $2.0M | $1.9M | $1.2M | $34 | — | View 990 |
| 2021 | $1.6M | $1.4M | $982K | $302 | — | View 990 |
| 2020 | $3.0M | $2.2M | $795K | $0 | — | View 990 |
| 2019 | $2.4M | $2.3M | $27K | $0 | — | View 990 |
| 2018 | $2.5M | $2.5M | $24 | $0 | — | View 990 |
| 2017 | $1.7M | $1.7M | $130 | $0 | — | View 990 |
| 2016 | $1.8M | $1.8M | $18K | $0 | — | View 990 |
| 2015 | $2.0M | $2.0M | $16K | $0 | — | View 990 |
| 2014 | $1.7M | $1.7M | $23K | $0 | — | View 990 |
| 2013 | $1.3M | $1.3M | $74 | $0 | — | View 990 |
| 2012 | $1.1M | $1.1M | $767 | $0 | — | View 990 |
| 2011 | $983K | $983K | $323 | $0 | — | View 990 |
| 2010 | $1.4M | $1.4M | $4 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.2M, and assets of $1.8M (revenue +14.8% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.9M, and assets of $1.2M (revenue +26.1% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.4M, and assets of $982K (revenue -46.1% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.2M, and assets of $795K (revenue +27.1% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.3M, and assets of $27K (revenue -6.3% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.5M, and assets of $24 (revenue +48.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $130 (revenue -3.5% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $18K (revenue -10.0% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $16K (revenue +14.6% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $23K (revenue +33.9% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $74 (revenue +17.5% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $767 (revenue +10.4% year-over-year).
- 2011: Revenue of $983K, expenses of $983K, and assets of $323 (revenue -28.3% year-over-year).
- 2010: Revenue of $1.4M, expenses of $1.4M, and assets of $4.
Data Sources and Methodology
This transparency report for Italian American Committee On Education 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.