Overview

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Est.

1994

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

INITIATIVE FOR A COMPETITIVE INNER CITY, INC is a nonprofit focused on economic development, entrepreneurship, homeowners and tenants associations, and community improvement, with a mission to drive inclusive economic prosperity in under-resourced communities through innovative research and programs that create jobs, income, and wealth for local residents. In filing year 2024, it reported an operating budget of $7.6M and total revenue of $9.9M; its listed top funders include THE GOLDMAN SACHS FOUNDATION, EAST BAY COMMUNITY FOUNDATION, and Yum Brands Foundation Inc.

Mission Statement

ICIC drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.
Revenues
$9.9M
Expenses
$7.9M
Net Income:
+$2M
Assets
$13.7M
Liabilities
$439.8K
Net Assets:
+$13.3M
Operating Budget
$7.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
28
Median grant size
$30K
Largest grant received
$2.9M
S
Steve Grossman
Board Member
M
Michael Porter
Board Member
B
Barry White
Board Member
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  • 70 funders
  • 58 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is INITIATIVE FOR A COMPETITIVE INNER CITY, INC’s budget?
In 2024, INITIATIVE FOR A COMPETITIVE INNER CITY, INC reported an annual operating budget of around $7.6 million. More detailed financial information is available to registered users.
What causes does INITIATIVE FOR A COMPETITIVE INNER CITY, INC support?
INITIATIVE FOR A COMPETITIVE INNER CITY, INC supports work in Community improvement, Economic development, Entrepreneurship, and Homeowners & Tenants Associations.
Where does INITIATIVE FOR A COMPETITIVE INNER CITY, INC operate?
INITIATIVE FOR A COMPETITIVE INNER CITY, INC is headquartered in ROXBURY, MA.
Who funded INITIATIVE FOR A COMPETITIVE INNER CITY, INC recently?
In 2025, INITIATIVE FOR A COMPETITIVE INNER CITY, INC received grants from AMERICAN ONLINE GIVING FOUNDATION INC, Boston Foundation, Inc, and Boston Foundation, Inc. More information on this organization’s funders is available to registered users.
What is the largest grant INITIATIVE FOR A COMPETITIVE INNER CITY, INC received in 2024?
The largest grant to INITIATIVE FOR A COMPETITIVE INNER CITY, INC in 2024 exceeds $2.9 million.
What is INITIATIVE FOR A COMPETITIVE INNER CITY, INC’s reliance on government grants?
INITIATIVE FOR A COMPETITIVE INNER CITY, INC relied on government grants for less than 5% of their total revenue in 2024.