International Tax and Investment Center

Nonprofit profile at a glance

EIN
521852434
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2025309799
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Finance, Taxation, Monetary Policy

Reported finances

Revenue
$3,746,515
Expenses
$3,810,845
Assets
$4,332,392
Liabilities
$527,531

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

34 people listed

Executive titles in this filing

  • DANIEL A WITT (PRESIDENT)
  • BLAKE MARSHALL (VICE PRESIDENT)

Highest reported compensation

  • DANIEL A WITT (PRESIDENT): $701,425 total reported compensation
  • BLAKE MARSHALL (VICE PRESIDENT): $442,566 total reported compensation
  • THE HONORABLE JAMES C MILLER III (CHAIRMAN EXECUTIVE COMMITTEE): $10,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Itic's mission is to encourage pro-growth tax, trade and investment policies in non-oecd countries by facilitating mutual understanding and trust between business and government through the itic neutral table and based on high quality analysis. Itic serves as a clearinghouse for information on best practices in taxation and investment policy, and as a training center to transfer such know how to improve the investment climates of transition and developing countries, thereby spurring formation and development of business and economic prosperity. Organized in 1993, itic is an independent nonprofit research and education foundation with offices in the united states and united kingdom.

What it reported doing in 2024

Africa projects - itic began its work in africa in 2000 with a series on indirect tax studies and in-country workshops in kenya and ghana. The africa tax dialogue, which itic founded in 2010, focuses on tax coordination within regional economic communities (recs) in africa. It brings together the secretariats from the east africa community (eac), southern africa development community (sadc), west african economic and monetary union (uemoa), and economic community of west african states (ecowas) to discuss their own tax coordination as well as the best practices of others. Itic also convenes issue and country-specific workshops with finance and revenue officials across the continent.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 84
  • Accountability: 98
  • Sustainability: 32
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.4%; rating input score 80
  • Program expense ratio: 78.3%; rating input score 78
  • Fundraising efficiency: $47.62 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 96.9%; rating input score 97; 26th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.7%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 1.14; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 30.3%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 6.1% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 9.5% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: -1.8% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 80.4% of revenue deployed · 78.3% of spending went to programs
  • Governance: 31 of 32 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $3M in reported program spending
  • Leadership: top reported pay $701K · 34 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $581K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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 — Sustainability: Operating margin scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.