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

$6.8MRevenue

$1.1MAssets

80/100Mission Score (Excellent)

A31

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.

AI Transparency Report

The Independent Feature Project Inc (IFP) demonstrates a generally stable financial profile, with annual revenues consistently in the range of $4.7 million to $8.4 million over the past decade. While the organization experienced a slight deficit in the most recent filing period (202302) with expenses exceeding revenue by $127,659, this is not uncommon for nonprofits and follows periods of surplus. Their asset base has fluctuated, showing a notable decrease from a high of $3.7 million in 201802 to $1.07 million in the latest available data, which warrants closer examination.

Spending efficiency appears to be a strength, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is unusual and could indicate a highly volunteer-driven leadership or a different compensation structure. Without a detailed breakdown of functional expenses (program, administrative, fundraising), a precise assessment of spending efficiency is challenging, but the absence of officer compensation is a positive indicator for resource allocation.

Transparency regarding executive compensation is high, as all filings explicitly state 0% officer compensation. However, a complete picture of financial health would benefit from more detailed functional expense reporting to fully understand how funds are allocated between programs, administration, and fundraising. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and public disclosure.

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.

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

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.	PDF
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.

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.