Local Initiatives Support Corporation
Local Initiatives Support Corporation demonstrates consistent financial growth and efficient operations with over $1.5 billion in assets.
EIN: 133030229 · New York, NY · NTEE: S200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $510.6M |
| Total Expenses | $372.8M |
| Program Spending | 85% |
| Net Assets | $534.6M |
| Transparency Score | 90/100 |
Is Local Initiatives Support Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local Initiatives Support Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local Initiatives Support Corporation
Local Initiatives Support Corporation (EIN: 133030229) is a nonprofit organization based in New York, NY, classified under NTEE code S200. The organization reported total revenue of $510.6M and total assets of $1.6B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Initiatives Support Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Initiatives Support Corporation is a major nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $373.1M |
| Total Expenses | $372.8M |
| Surplus / Deficit | +$294K |
| Total Assets | $1.5B |
| Total Liabilities | $981.4M |
| Net Assets | $534.6M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 64.7% |
| Months of Reserves | 48.8 months |
Financial Health Grade: A
In 2023, Local Initiatives Support Corporation reported a surplus of $294K with revenue exceeding expenses, holds 48.8 months of operating reserves (strong position), has a debt-to-asset ratio of 64.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local Initiatives Support Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.6% | +31.7% | +9.6% |
| 2022 | -15.7% | +6.2% | +10.2% |
| 2021 | -25.6% | -28.8% | +7.8% |
| 2020 | +128.8% | +130.2% | +19.9% |
| 2019 | +5.4% | +4.6% | +18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Local Initiatives Support Corporation with a Mission Score of 90 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, Local Initiatives Support Corporation 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 $294K, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.7%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all listed fiscal periods, which is highly unusual for an organization of LISC's size and revenue, suggesting that executive compensation may be reported under different categories or is exceptionally low, warranting further investigation into their detailed Form 990 filings.
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 Local Initiatives Support Corporation's IRS 990 filings:
- Unusual 0% officer compensation reported, requiring further investigation into detailed filings.
Strengths
The following positive indicators were identified for Local Initiatives Support Corporation:
- Consistent and substantial asset growth, reaching over $1.5 billion in 2023.
- Strong revenue generation, with latest reported revenue over $373 million.
- Efficient financial management, with expenses closely aligned with revenue in recent periods.
- Significant scale and capacity to impact community development, as indicated by its large financial footprint.
- Positive net assets, demonstrating long-term financial stability.
Frequently Asked Questions about Local Initiatives Support Corporation
Is Local Initiatives Support Corporation a legitimate charity?
Local Initiatives Support Corporation (EIN: 133030229) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $510.6M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Local Initiatives Support Corporation spend its money?
Local Initiatives Support Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Local Initiatives Support Corporation tax-deductible?
Local Initiatives Support Corporation is registered as a tax-exempt nonprofit (EIN: 133030229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Local Initiatives Support Corporation's spending goes to programs?
Local Initiatives Support Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Local Initiatives Support Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Local Initiatives Support Corporation is above average for NTEE category S200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Local Initiatives Support Corporation located?
Local Initiatives Support Corporation is headquartered in New York, New York and files with the IRS under EIN 133030229. It is classified under NTEE code S200.
How many years of IRS 990 filings does Local Initiatives Support Corporation have?
Local Initiatives Support Corporation 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 $510.6M in total revenue.
How does LISC manage to report 0% officer compensation across all filings?
The provided summary data consistently shows 0% officer compensation. This is highly unusual for an organization of LISC's scale and suggests that executive compensation might be reported under different expense categories, paid by a related entity, or structured in a way not captured by this specific 'Officer Comp' metric. A deeper dive into their full Form 990, specifically Part VII, Section A, would be necessary to understand how executive compensation is handled.
What is the specific breakdown of LISC's program, administrative, and fundraising expenses?
While the summary data does not provide a detailed functional expense breakdown, the overall financial health and efficient use of funds (expenses closely tracking revenue) suggest a strong program focus. To get the exact percentages, one would need to review Part IX of LISC's full Form 990 filings.
How does LISC's substantial asset growth contribute to its mission?
LISC's assets have grown significantly from $487 million in 2014 to over $1.5 billion in 2023. This substantial asset base provides the organization with significant financial stability, capacity for long-term investments in community development projects, and the ability to leverage capital for its mission-related activities, such as providing loans and grants for affordable housing and economic development.
Is LISC's revenue growth sustainable given its fluctuations?
LISC's revenue has shown significant growth over the decade, from $135 million in 2014 to $373 million in 2023, with some fluctuations (e.g., $462 million in 2020, then $290 million in 2022). These fluctuations are common for large nonprofits that rely on diverse funding streams, including grants, government contracts, and investment income. The overall upward trend and consistent asset growth suggest a sustainable financial model, even with year-to-year variations.
Filing History
IRS 990 filing history for Local Initiatives Support Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local Initiatives Support Corporation's revenue has grown by 149.3%, moving from $149.7M to $373.1M. Total assets increased by 244.2% over the same period, from $440.4M to $1.5B. Total functional expenses rose by 203.1%, from $123.0M to $372.8M. In its most recent filing year (2023), Local Initiatives Support Corporation reported a surplus of $294K, with revenue exceeding expenses. The organization holds $981.4M in liabilities against $1.5B in assets (debt-to-asset ratio: 64.7%), resulting in net assets of $534.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $373.1M | $372.8M | $1.5B | $981.4M | — | View 990 |
| 2022 | $290.2M | $283.0M | $1.4B | $834.7M | — | View 990 |
| 2021 | $344.2M | $266.6M | $1.3B | $708.9M | — | View 990 |
| 2020 | $462.4M | $374.2M | $1.2B | $689.1M | — | View 990 |
| 2019 | $202.1M | $162.6M | $971.5M | $599.2M | — | View 990 |
| 2018 | $191.7M | $155.4M | $821.8M | $498.6M | — | View 990 |
| 2017 | $154.6M | $146.1M | $732.4M | $444.7M | — | View 990 |
| 2016 | $199.1M | $181.7M | $702.5M | $423.3M | — | View 990 |
| 2015 | $137.0M | $121.5M | $532.9M | $272.5M | — | View 990 |
| 2014 | $135.5M | $123.3M | $487.4M | $241.8M | — | View 990 |
| 2013 | $141.3M | $121.7M | $446.1M | $212.7M | — | View 990 |
| 2012 | $118.2M | $102.9M | $429.2M | $215.6M | — | View 990 |
| 2011 | $149.7M | $123.0M | $440.4M | $244.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $373.1M, expenses of $372.8M, and assets of $1.5B (revenue +28.6% year-over-year).
- 2022: Revenue of $290.2M, expenses of $283.0M, and assets of $1.4B (revenue -15.7% year-over-year).
- 2021: Revenue of $344.2M, expenses of $266.6M, and assets of $1.3B (revenue -25.6% year-over-year).
- 2020: Revenue of $462.4M, expenses of $374.2M, and assets of $1.2B (revenue +128.8% year-over-year).
- 2019: Revenue of $202.1M, expenses of $162.6M, and assets of $971.5M (revenue +5.4% year-over-year).
- 2018: Revenue of $191.7M, expenses of $155.4M, and assets of $821.8M (revenue +24.0% year-over-year).
- 2017: Revenue of $154.6M, expenses of $146.1M, and assets of $732.4M (revenue -22.3% year-over-year).
- 2016: Revenue of $199.1M, expenses of $181.7M, and assets of $702.5M (revenue +45.4% year-over-year).
- 2015: Revenue of $137.0M, expenses of $121.5M, and assets of $532.9M (revenue +1.1% year-over-year).
- 2014: Revenue of $135.5M, expenses of $123.3M, and assets of $487.4M (revenue -4.1% year-over-year).
- 2013: Revenue of $141.3M, expenses of $121.7M, and assets of $446.1M (revenue +19.5% year-over-year).
- 2012: Revenue of $118.2M, expenses of $102.9M, and assets of $429.2M (revenue -21.0% year-over-year).
- 2011: Revenue of $149.7M, expenses of $123.0M, and assets of $440.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Initiatives Support Corporation:
Data Sources and Methodology
This transparency report for Local Initiatives Support Corporation 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.