Housing & Shelter
(L50)
IRS Verified
DX Registered
990 on File
INITIATIVE FOR A COMPETITIVE INNER CITY INC
Financial strength (30%)
95/100
Reliability (20%)
55/100
Effectiveness (25%)
76/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
ICIC's mission is to promote economic prosperity in America's inner cities through private sector engagement that leads to jobs, income and wealth creation for local residents. Its market-based approach to economic development comprises a number of efforts oriented toward increasing private sector investment in the inner city, linking inner city development to metro, city and regional development strategies and breaking down information barriers that keep inner cities underinvested.
Financial Overview — FY 2024
$9.9M
Total Revenue
$7.9M
Total Expenses
$13.3M
Net Assets
63
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
79.9%
Fundraising Efficiency
N/A
Operating Reserve
20.21x
Liability-to-Asset
3.2%
Revenue Diversification
90.4%
Executive Compensation
$825K
Compared with Peers
FY 2024
Compared with 2,572 similar organizations
(United States, Housing & Shelter, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.9% | 87.2% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.4% | 10.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
6.7% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
20.2 mo | 12.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.2% | 39.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
90.4% | 89.9% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
8.7% | 6.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-18.4% | 6.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
19.9% | 3.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $9.9M | $7.9M | $13.3M | 79.9% | 63 |
| 2023 | $9.1M | $9.7M | $11.2M | 83.1% | 71 |
| 2022 | $11.6M | $10.0M | $11.1M | 83.9% | 70 |
| 2021 | $6.7M | $6.3M | N/A | — | 60 |
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