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Community Development : Housing and Neighborhood Development

Initiative for A Competitive Inner City (ICIC)

The voice of urban opportunity

four stars

92.19

56 Warren Street Suite 300
Roxbury, MA 02119
tel: (617) 238-1740   Web Site
EIN: 13-3772904

Board Leadership
Michael E. Porter
Chairman

CEO
Steve Grossman
CEO

  Score
(out of 100)
Rating
Overall Score & Rating 92.19 four stars
  Financial 99.14 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 04/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1994 by Harvard Business School Professor Michael Porter, the Initiative for a Competitive Inner City is a national nonprofit research and advisory organization and the leading authority on U.S. underserved economies and the businesses that thrive there.

ICIC drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.

Founded in 1994 by Harvard Business School Professor Michael Porter, the Initiative for a Competitive Inner City is a national nonprofit research and advisory organization and the leading authority on U.S. underserved economies and the businesses that thrive there.

ICIC drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.

Financial

four stars

99.14

Accountability & Transparency

three stars

89.00

This rating was published 04/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
82.0%
  Administrative Expenses 11.8%
  Fundraising Expenses 6.0%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 1.40
  Program Expenses Growth 24.8%
  Liabilities to Assets 4.9%
All data for Financial Performance Metrics calculations was provided by Initiative for A Competitive Inner City (ICIC) on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Initiative for A Competitive Inner City (ICIC) on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Initiative for A Competitive Inner City (ICIC) (MA) 92.19 four stars
New Jersey Future (NJ) 91.50 four stars
ULI Foundation (DC) 95.63 four stars
Eastern Market Corporation (MI) 91.54 four stars
Brighton Park Neighborhood Council (IL) 90.03 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $5,622,267
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $5,622,267
   Program Service Revenue $0
Total Primary Revenue $5,622,267
   Other Revenue $-79,054
TOTAL REVENUE $5,543,213
   
EXPENSES  
   Program Expenses $4,840,534
   Administrative Expenses $649,455
   Fundraising Expenses $334,789
TOTAL FUNCTIONAL EXPENSES $5,824,778
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-281,565
   
Net Assets $6,391,184

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Urban Business Initiatives $3,621,019 74.8%
Research and Advisory $1,219,515 25.2%

Ratings History
Initiative for A Competitive Inner City (ICIC) has received 4 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 04/01/2020 92.19 four stars
2017-12 03/01/2019 97.05 four stars
2016-12 03/01/2018 91.73 four stars
2015-12 02/01/2017 92.23 four stars
2014-12 06/01/2016 89.48 three stars
 
CN 2.0
2014-12 02/01/2016 82.94 three stars
2013-12 06/01/2015 89.85 three stars
2012-12 08/01/2014 93.24 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-3772904
Name in IRS Master File INITIATIVE FOR A COMPETITIVE INNER CITY INC
NTEE Code L50
NTEE Classification Housing Owners, Renters Organizations
NTEE Type Housing, Shelter
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(401) Homeowners association
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1995
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$267,056 4.58% Steve Grossman Chief Executive Officer
Other Salaries of Note
$229,194 3.93% Matthew Camp President, COO

Highly Rated

Charity Name & State Overall Score Overall Rating
Initiative for A Competitive Inner City (ICIC) (MA) 92.19 four stars
The Pike Place Market Foundation (WA) 94.58 four stars
KABOOM! (DC) 89.69 three stars
Catholic Charities (CA) 92.40 four stars
Fifth Avenue Committee (NY) 88.53 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Initiative for A Competitive Inner City (ICIC)
56 Warren Street
Suite 300
Roxbury, MA 02119
tel: (617) 238-1740
fax: (617) 238-3001
EIN: 13-3772904

Mail donations to:
PO Box 191297
Roxbury, MA 02119

Visit Web Site

Board Leadership

Michael E. Porter
Chairman

CEO

Steve Grossman
CEO

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