The Independent Feature Project Inc
Independent Feature Project Inc maintains stable revenue but shows declining assets and no reported officer compensation.
EIN: 133118525 · Brooklyn, NY · NTEE: A31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $6.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $1.8M |
| Transparency Score | 80/100 |
Search Intent Cockpit
The Independent Feature Project Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Independent Feature Project Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Independent Feature Project Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $6.3M and expenses of $6.4M.
Revenue and Expenses
The Independent Feature Project Inc reported $6.3M in revenue and $6.4M in expenses, a deficit of $128K.
Executive Compensation
Top officer compensation appears as $6 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
80/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is The Independent Feature Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $5.5M (85%) |
Across stored filings, The Independent Feature Project Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Arts & Culture context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Keep the Investigation Moving
The Independent Feature Project Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Independent Feature Project Inc
The Independent Feature Project Inc (EIN: 133118525) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A31. The organization reported total revenue of $6.8M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Independent Feature Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Independent Feature Project Inc is a mid-size nonprofit that has been operating for 3 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $6.4M |
| Surplus / Deficit | $-127,659 |
| Total Assets | $1.9M |
| Total Liabilities | $197K |
| Net Assets | $1.8M |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 10.1% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2023, The Independent Feature Project Inc reported a deficit of $128K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 10.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Independent Feature Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.9% | +14.4% | -21.7% |
| 2022 | +34.8% | +1.1% | +14.8% |
| 2021 | -34.6% | -25.4% | -37.2% |
| 2020 | +9.7% | +1.3% | +9.5% |
| 2019 | -10.6% | +10.6% | -16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
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 The Independent Feature Project Inc with a Mission Score of 80 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, The Independent Feature Project 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 $128K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with annual revenues often exceeding $6 million. This suggests either a volunteer-led executive team or compensation structured in a way that is not categorized as 'officer compensation' on the 990.
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 The Independent Feature Project Inc's IRS 990 filings:
- Significant decline in assets from $3.7M (201802) to $1.07M (latest data)
- Consistent 0% officer compensation for a multi-million dollar organization, which is unusual and lacks clarity on executive remuneration.
Strengths
The following positive indicators were identified for The Independent Feature Project Inc:
- Consistent revenue generation, typically above $6 million annually.
- Long history of IRS 990 filings (13 filings), indicating regulatory compliance.
- Low liabilities relative to assets in recent periods (e.g., $196,957 liabilities vs. $1,948,473 assets in 202302).
Frequently Asked Questions about The Independent Feature Project Inc
Is The Independent Feature Project Inc a legitimate charity?
The Independent Feature Project Inc (EIN: 133118525) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Independent Feature Project Inc spend its money?
The Independent Feature Project Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Independent Feature Project Inc tax-deductible?
The Independent Feature Project Inc is registered as a tax-exempt nonprofit (EIN: 133118525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Independent Feature Project Inc CEO make?
The Independent Feature Project Inc's highest-compensated officer earns $6 annually. The organization reported $6.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Independent Feature Project Inc's spending goes to programs?
The Independent Feature Project Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Independent Feature Project Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), The Independent Feature Project Inc is above average for NTEE category A31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Independent Feature Project Inc located?
The Independent Feature Project Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 133118525. It is classified under NTEE code A31.
How many years of IRS 990 filings does The Independent Feature Project Inc have?
The Independent Feature Project 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 $6.8M in total revenue.
Why has the organization's asset base decreased significantly from $3.7 million in 201802 to $1.07 million in the latest available data?
The decline in assets from a peak of $3,769,297 in 201802 to $1,066,078 in the latest available data (and $1,948,473 in 202302) requires further investigation to understand the underlying reasons, such as significant investments, debt repayment, or operational losses.
How is executive leadership compensated if 'Officer Comp' is consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is highly unusual for an organization with multi-million dollar revenues. This suggests that executive leadership may be volunteer-based, compensated through a related entity, or their compensation is categorized differently on the 990, which warrants clarification for full transparency.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While the overall financial health appears stable, a detailed breakdown of functional expenses is crucial to fully assess spending efficiency and ensure the majority of funds are directed towards program services, which is not explicitly provided in the summary data.
Filing History
IRS 990 filing history for The Independent Feature Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Independent Feature Project Inc's revenue has grown by 47%, moving from $4.3M to $6.3M. Total assets increased by 122% over the same period, from $878K to $1.9M. Total functional expenses rose by 55.7%, from $4.1M to $6.4M. In its most recent filing year (2023), The Independent Feature Project Inc reported a deficit of $128K, with expenses exceeding revenue. The organization holds $197K in liabilities against $1.9M in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $6.4M | $1.9M | $197K | — | — |
| 2022 | $6.4M | $5.6M | $2.5M | $611K | — | — |
| 2021 | $4.7M | $5.6M | $2.2M | $1.1M | — | — |
| 2020 | $7.2M | $7.5M | $3.5M | $1.2M | — | View 990 |
| 2019 | $6.6M | $7.4M | $3.2M | $703K | — | View 990 |
| 2018 | $7.4M | $6.7M | $3.8M | $540K | — | View 990 |
| 2017 | $6.3M | $6.8M | $3.0M | $532K | — | View 990 |
| 2016 | $8.4M | $8.2M | $3.5M | $490K | — | View 990 |
| 2015 | $6.6M | $6.2M | $3.7M | $868K | — | View 990 |
| 2014 | $6.9M | $5.2M | $3.7M | $1.2M | — | View 990 |
| 2013 | $3.7M | $3.9M | $973K | $220K | — | View 990 |
| 2012 | $4.7M | $4.2M | $1.1M | $166K | — | View 990 |
| 2011 | $4.3M | $4.1M | $878K | $452K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $6.4M, and assets of $1.9M (revenue -0.9% year-over-year).
- 2022: Revenue of $6.4M, expenses of $5.6M, and assets of $2.5M (revenue +34.8% year-over-year).
- 2021: Revenue of $4.7M, expenses of $5.6M, and assets of $2.2M (revenue -34.6% year-over-year).
- 2020: Revenue of $7.2M, expenses of $7.5M, and assets of $3.5M (revenue +9.7% year-over-year).
- 2019: Revenue of $6.6M, expenses of $7.4M, and assets of $3.2M (revenue -10.6% year-over-year).
- 2018: Revenue of $7.4M, expenses of $6.7M, and assets of $3.8M (revenue +17.8% year-over-year).
- 2017: Revenue of $6.3M, expenses of $6.8M, and assets of $3.0M (revenue -25.4% year-over-year).
- 2016: Revenue of $8.4M, expenses of $8.2M, and assets of $3.5M (revenue +27.7% year-over-year).
- 2015: Revenue of $6.6M, expenses of $6.2M, and assets of $3.7M (revenue -4.5% year-over-year).
- 2014: Revenue of $6.9M, expenses of $5.2M, and assets of $3.7M (revenue +86.9% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.9M, and assets of $973K (revenue -21.6% year-over-year).
- 2012: Revenue of $4.7M, expenses of $4.2M, and assets of $1.1M (revenue +9.4% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.1M, and assets of $878K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Independent Feature Project Inc:
Data Sources and Methodology
This transparency report for The Independent Feature Project 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.