Initiative For A Competitive Inner City Inc
Only null% goes to programs Strong reserves Growing revenue
Initiative For A Competitive Inner City Inc is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1995, with $9,857,953 in FY2024 revenue. CharityIndex grades it B.
103 Terrace St, Boston, MA, 02120 EIN 13-3772904 Since 1995
Revenue (FY2024)
$9.9M
▲ 8.7% vs prior year
Housing median: $408K
Expenses (FY2024)
$7.9M
Net assets
$13.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Initiative For A Competitive Inner City Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +20% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Initiative For A Competitive Inner City Inc: 20 mo reserves · +20% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Initiative For A Competitive Inner City Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Initiative For A Competitive Inner City Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 103 Terrace St, Boston, MA, 02120
- City
- Boston
- State
- Massachusetts
- Category
- Housing & Shelter
- Subcategory
- Housing Owners & Renters Associations
- Website
- …
Financial trends
Revenue grew from $3.5M (FY2013) to $9.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $440KNet assets $13.3M
Operating margin
19.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$13.7M
Total liabilities
$440K
Net assets
$13.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $9,857,953▲8.7% | $7,891,644▼18.4% | $13,290,626▲18.8% | $13,730,460▲18.2% | 990 |
| 2023 | $9,070,017▼22.0% | $9,667,573▼3.2% | $11,186,073▲0.6% | $11,620,463▼0.4% | 990 |
| 2022 | $11,628,829▲73.5% | $9,988,962▲57.6% | $11,124,803▲4.9% | $11,661,853▲4.7% | 990 |
| 2021 | $6,700,624▼18.1% | $6,336,872▲18.0% | $10,604,361▲9.9% | $11,137,097▲7.4% | 990 |
| 2020 | $8,178,746▲25.3% | $5,371,662▼14.5% | $9,646,363▲36.9% | $10,365,078▲42.2% | 990 |
| 2019 | $6,529,016▲17.8% | $6,280,711▲7.8% | $7,047,561▲10.3% | $7,291,297▲8.5% | 990 |
| 2018 | $5,543,213▲12.4% | $5,824,778▲33.9% | $6,391,184▼13.4% | $6,721,684▼11.4% | 990 |
| 2017 | $4,932,326▲12.6% | $4,348,578▲24.6% | $7,380,508▲17.9% | $7,586,695▲18.9% | 990 |
| 2016 | $4,379,590▲39.1% | $3,490,251▲12.3% | $6,261,429▲20.2% | $6,383,385▲18.5% | 990 |
| 2015 | $3,149,267▼9.2% | $3,106,759▲10.2% | $5,210,585▲22.8% | $5,386,945▲18.7% | 990 |
| 2014 | $3,469,061▼0.8% | $2,819,604▼22.8% | $4,244,719▲37.9% | $4,538,815▲35.3% | 990 |
| 2013 | $3,496,981 | $3,650,057▼10.3% | $3,077,330▲10.9% | $3,353,884▲9.0% | 990 |
| 2012 | — | $4,070,309▼6.4% | $2,774,348▼12.1% | $3,076,909▼12.7% | 990 |
| 2011 | — | $4,349,090▲23.6% | $3,154,729▼10.6% | $3,525,798▼7.6% | 990 |
| 2010 | — | $3,518,603 | $3,530,389 | $3,815,946 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $10.9M total
79 grants to Initiative For A Competitive Inner City Inc totaling $10.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $136,600 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $36,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $12,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| East Bay Community Foundation | Training and connecting diverse entrepreneurs within the icic alumni network, 2024-2025 | 2023 | $450,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $199,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $100,000 |
| American Online Giving Foundation Inc | General support | 2023 | $75,615 |
| Community Foundation For Greater Buffalo Inc | Charitable support. any restrictions have been communicated to the grantee. | 2023 | $75,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2023 | $47,000 |
| National Philanthropic Tr | Religion | 2023 | $30,000 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - social services | 2023 | $20,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $17,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $10,000 |
Similar organizations in Housing
- Housing
Cambridge Community Housing Development Inc
Cambridge, MA
$9.9M
Fannual revenue
Housing
Fenway Community Development Corp
Boston, MA
$9.8M
Bannual revenue
Housing
Boston Rescue Mission Inc
Boston, MA
$10.0M
Bannual revenue
Housing
Island Housing Trust Corporation
West Tisbury, MA
$10.1M
Bannual revenue
Housing
Caritas Communities Inc
Braintree, MA
$9.2M
Dannual revenue
Housing
Homeowners Rehab Inc
Cambridge, MA
$8.9M
Bannual revenue
Housing
Chelsea Jewish North Shore Assisted Living Inc
Peabody, MA
$10.9M
Bannual revenue
- Housing
United Residents In Academy Homes II Inc
Roxbury, MA
$10.9M
C+annual revenue
Housing
The Housing Partnership Fund Inc
Boston, MA
$11.1M
Bannual revenue
Housing
Lazarus House Incorporated
Lawrence, MA
$8.6M
Bannual revenue
Compare Initiative For A Competitive Inner City Inc
Frequently asked questions
- Is Initiative For A Competitive Inner City Inc a legitimate nonprofit?
- Yes. Initiative For A Competitive Inner City Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3772904, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Initiative For A Competitive Inner City Inc's EIN?
- Initiative For A Competitive Inner City Inc's Employer Identification Number (EIN) is 13-3772904.
- How much revenue does Initiative For A Competitive Inner City Inc report?
- Initiative For A Competitive Inner City Inc reported $9,857,953 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Initiative For A Competitive Inner City Inc have?
- CharityIndex grades Initiative For A Competitive Inner City Inc B, based on financial health (reserves and operating margin).
More nonprofits in Boston
Explore more
Data for Initiative For A Competitive Inner City Inc (EIN 13-3772904) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.