Xico Inc
Xico Inc. faces recent operating deficits despite significant asset growth and no reported officer compensation.
EIN: 204225234 · Phoenix, AZ · NTEE: A99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $833K |
| Total Expenses | $1.1M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $800,000. |
| Net Assets | $275K |
| Transparency Score | 75/100 |
Is Xico Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Xico Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Xico Inc
Xico Inc (EIN: 204225234) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code A99. The organization reported total revenue of $833K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Xico Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Xico Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $790K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-284,596 |
| Total Assets | $1.6M |
| Total Liabilities | $1.3M |
| Net Assets | $275K |
| Operating Margin | -36.0% |
| Debt-to-Asset Ratio | 82.5% |
| Months of Reserves | 17.5 months |
Financial Health Grade: C
In 2023, Xico Inc reported a deficit of $285K with expenses exceeding revenue, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 82.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Xico Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.9% | +15.9% | -21.8% |
| 2022 | -2.7% | +89.9% | -10.5% |
| 2021 | +1094.2% | +181.7% | +634.7% |
| 2019 | -73.5% | -36.0% | -19.4% |
| 2019 | +4.4% | +23.3% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Xico Inc with a Mission Score of 75 out of 100 (Good). 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, Xico Inc 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 $285K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.5%.
Executive Compensation Analysis
Xico Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This suggests a strong commitment to directing funds towards its mission rather than executive salaries, especially for an organization with recent revenues around $800,000.
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 Xico Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $1,074,710 vs. revenue $790,114)
- Significant increase in liabilities relative to assets, leading to decreasing net assets from 2021 to 2023
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data to fully assess efficiency
Strengths
The following positive indicators were identified for Xico Inc:
- No reported officer compensation, indicating a commitment to directing funds to mission
- Significant growth in revenue and assets over the past decade, demonstrating organizational expansion
- Long filing history (13 filings) suggests consistent compliance and operational longevity
Frequently Asked Questions about Xico Inc
Is Xico Inc a legitimate charity?
Xico Inc (EIN: 204225234) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $833K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Xico Inc spend its money?
Xico Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Xico Inc tax-deductible?
Xico Inc is registered as a tax-exempt nonprofit (EIN: 204225234). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Xico Inc CEO make?
Xico Inc's highest-compensated officer earns $800,000. annually. The organization reported $833K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Xico Inc's spending goes to programs?
Xico Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Xico Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Xico Inc is above average for NTEE category A99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Xico Inc located?
Xico Inc is headquartered in Phoenix, Arizona and files with the IRS under EIN 204225234. It is classified under NTEE code A99.
How many years of IRS 990 filings does Xico Inc have?
Xico 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 $833K in total revenue.
Is Xico Inc. financially stable given recent deficits?
Xico Inc. has experienced expenses exceeding revenue in recent years (e.g., $1,074,710 expenses vs. $790,114 revenue in 2023), which could challenge long-term financial stability if this trend continues. While assets are substantial, the increasing liabilities and decreasing net assets from 2021 to 2023 are concerning.
What caused the significant increase in liabilities in recent years?
Liabilities have grown substantially, from $33,984 in 2019 to $1,295,971 in 2023. Without more detailed financial statements, the specific causes (e.g., debt, deferred revenue, program-related liabilities) cannot be definitively identified from the provided 990 summary data.
How does Xico Inc. manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that officers may be volunteers, compensated through other means not classified as officer compensation, or that the organization has a unique operational structure. This is a notable aspect of its financial management.
Filing History
IRS 990 filing history for Xico Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Xico Inc's revenue has grown by 472.7%, moving from $138K to $790K. Total assets increased by 5958.7% over the same period, from $26K to $1.6M. Total functional expenses rose by 637.9%, from $146K to $1.1M. In its most recent filing year (2023), Xico Inc reported a deficit of $285K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $1.6M in assets (debt-to-asset ratio: 82.5%), resulting in net assets of $275K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $790K | $1.1M | $1.6M | $1.3M | — | — |
| 2022 | $831K | $927K | $2.0M | $1.4M | — | View 990 |
| 2021 | $853K | $488K | $2.2M | $1.5M | — | View 990 |
| 2019 | $71K | $173K | $306K | $34K | — | View 990 |
| 2019 | $270K | $271K | $379K | $5K | — | View 990 |
| 2018 | $258K | $220K | $382K | $8K | — | View 990 |
| 2017 | $185K | $132K | $351K | $15K | — | View 990 |
| 2016 | $278K | $236K | $326K | $43K | — | View 990 |
| 2015 | $216K | $215K | $290K | $50K | — | View 990 |
| 2014 | $193K | $167K | $272K | $33K | — | View 990 |
| 2013 | $189K | $151K | $129K | $35K | — | View 990 |
| 2012 | $174K | $135K | $58K | $5K | — | View 990 |
| 2011 | $138K | $146K | $26K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $790K, expenses of $1.1M, and assets of $1.6M (revenue -4.9% year-over-year).
- 2022: Revenue of $831K, expenses of $927K, and assets of $2.0M (revenue -2.7% year-over-year).
- 2021: Revenue of $853K, expenses of $488K, and assets of $2.2M (revenue +1094.2% year-over-year).
- 2019: Revenue of $71K, expenses of $173K, and assets of $306K (revenue -73.5% year-over-year).
- 2019: Revenue of $270K, expenses of $271K, and assets of $379K (revenue +4.4% year-over-year).
- 2018: Revenue of $258K, expenses of $220K, and assets of $382K (revenue +39.6% year-over-year).
- 2017: Revenue of $185K, expenses of $132K, and assets of $351K (revenue -33.5% year-over-year).
- 2016: Revenue of $278K, expenses of $236K, and assets of $326K (revenue +28.6% year-over-year).
- 2015: Revenue of $216K, expenses of $215K, and assets of $290K (revenue +12.2% year-over-year).
- 2014: Revenue of $193K, expenses of $167K, and assets of $272K (revenue +1.8% year-over-year).
- 2013: Revenue of $189K, expenses of $151K, and assets of $129K (revenue +8.5% year-over-year).
- 2012: Revenue of $174K, expenses of $135K, and assets of $58K (revenue +26.5% year-over-year).
- 2011: Revenue of $138K, expenses of $146K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Xico Inc:
Data Sources and Methodology
This transparency report for Xico 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.