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Community Development : Housing and Neighborhood Development

Initiative for A Competitive Inner City

The voice of urban opportunity

four stars

91.73

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 91.73 four stars
  Financial 89.02 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 03/01/2018 and includes data from FY2016, the most recent 990 received at that time.

The Initiative for a Competitive Inner City (ICIC) is a nonprofit research and strategy organization and the leading authority on U.S. inner city economies and the businesses that thrive there. Founded in 1994 by Harvard Business School Professor Michael Porter, ICIC strengthens inner city economies by providing businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities.

The Initiative for a Competitive Inner City (ICIC) is a nonprofit research and strategy organization and the leading authority on U.S. inner city economies and the businesses that thrive there. Founded in 1994 by Harvard Business School Professor Michael Porter, ICIC strengthens inner city economies by providing businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities.

Financial

three stars

89.02

Accountability & Transparency

four stars

96.00

This rating was published 03/01/2018 and includes data from FY2016, 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)
81.6%
  Administrative Expenses 12.0%
  Fundraising Expenses 6.3%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 1.99
  Program Expenses Growth -3.6%
  Liabilities to Assets 1.9%
All data for Financial Performance Metrics calculations was provided by Initiative for A Competitive Inner City on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Initiative for A Competitive Inner City on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Initiative for A Competitive Inner City (MA) 91.73 four stars
Mountain Association for Community Economic Development (KY) 93.92 four stars
Center for Planning Excellence (LA) 90.14 four stars
Local Initiatives Support Corporation (NY) 90.58 four stars
Together Colorado (CO) 86.19 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $4,217,724
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $4,217,724
   Program Service Revenue $0
Total Primary Revenue $4,217,724
   Other Revenue $161,866
TOTAL REVENUE $4,379,590
   
EXPENSES  
   Program Expenses $2,796,236
   Administrative Expenses $475,374
   Fundraising Expenses $218,641
TOTAL FUNCTIONAL EXPENSES $3,490,251
   
Payments to Affiliates $0
Excess (or Deficit) for the year $889,339
   
Net Assets $6,261,429

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 $2,256,871 80.7%
Research and Advisory $539,365 19.3%

Ratings History
Initiative for A Competitive Inner City has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

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

Compensation % of Expenses Paid to Title
$254,556 7.29% Steven Grossman CEO
Other Salaries of Note
$207,987 5.95% Matthew M. Camp President and COO

Highly Rated

Charity Name & State Overall Score Overall Rating
Initiative for A Competitive Inner City (MA) 91.73 four stars
Chicago Cares (IL) 91.08 four stars
Liberty Hill Foundation (CA) 96.19 four stars
Center for Community Change (DC) 88.05 three stars
Regional Plan Association (NY) 89.27 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
56 Warren Street
Suite 300
Roxbury, MA 02119
tel: (617) 238-1740
fax: (617) 238-3001
EIN: 13-3772904

Visit Web Site

Board Leadership

Michael E. Porter
Chairman

CEO

Steve Grossman
CEO

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