Innovations for Gospel Impact Inc
Nonprofit profile at a glance
- EIN
- 883526522
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-N 2021
- Location
- Vienna, VA, USA
- Phone
- 7033075926
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
- Affiliation
- Christianity
Reported finances
- Revenue
- $2,932,813
- Expenses
- $3,216,013
- Assets
- $2,219,370
- Liabilities
- $766,010
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- DOUG DUENKAL (PRESIDENT)
Highest reported compensation
- DOUG DUENKAL (PRESIDENT): $36,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Igi provides a sustained message of jesus christ while solving real world problems with an innovative approach. We find, fuel, and fund leaders to innovate and scale gospel impact. Igi originated as a program of boost others, a 501(c)(3) organization formed to reach out to the indigent and needy meeting both spiritual and physical needs. A new entity for igi was formed in 2022 as a wholly controlled subsidiary of boost others and subsequently spun off as a separate, independent, entity on 1/1/24.
What it reported doing in 2024
Partner with established and newly formed entities and entrepreneurs engaged in spreading the gospel, discipleship, and meeting the needs of the underserved. Communities served include children, families living in extreme poverty, women and girls exploited by sex trafficking and individuals otherwise impoverished and neglected. The entity employs a strategy to identify organizations which are effective in serving these communities, assisting them with business and strategic direction, and funding where appropriate.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 75
- Accountability: 71
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.9%; rating input score 96
- Fundraising efficiency: $33.71 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 0 of 8 controls in place; rating input score 0
- Claims monitoring procedures: Fail
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 77.8%; rating input score 78; 14th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -9.7%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 1.1%; rating input score 80; 80th percentile among comparable filings
Growth
- Program expense growth: 191.8% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: 156.6% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 151.5% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.9% of spending went to programs
- Governance: 7 of 9 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3.1M in reported program spending
- Leadership: top reported pay $36K · 9 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 7 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 32 filed money-flow records
- Related organizations: 29 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 14/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.