Massachusetts · Nonprofit
INITIATIVE FOR A COMPETITIVE INNER CITY INC
INITIATIVE FOR A COMPETITIVE INNER CITY INC (Massachusetts) receives grants from 60 organizations whose IRS filings report $32,791,957 to it, the largest being THE GOLDMAN SACHS FOUNDATION ($14,871,442). 36 of them have funded it in more than one year.
- Revenue FY2025
- $9.7M
- Funders on record
- 60
- Grants received
- $33M
- Net assets
- $14M
What Initiative for a Competitive Inner City Inc does
Mission
Icic drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.
As stated on its FY2025 Form 990.
Programs
Urban business initiatives:the program consists of eight initiatives: goldman sachs 10,000 small businesses, goldman sachs black in business, inner city capital connections, cultivate small business, inner city 100 award, building for growth, ai initiative and manufacturing accelerator program. Program I, initiative 1. Goldman sachs 10,000 small businessesicic partners with goldman sachs to recruit and select high-potential entrepreneurs for 10,000 small businesses. This initiative helps small business owners create jobs and economic opportunities by providing them with greater access to business education, financial capital and business support services.to date, the program has served over 17,000 small businesses from all 50 states, dc and puerto rico. Graduates of the program have seen increased revenue and 84% collaborate with other alumni.program I, initiative 2. Goldman sachs black in businesssince 2009, icic has served as the national outreach and recruitment partner for the goldman sachs 10,000 small businesses initiative. The partnership expanded its reach to better serve sole proprietors with the creation of the goldman sachs one million black women: black in business…
$7,104,540 spentof which $785,095 as grants91% of program spendingResearch:icic's research agenda has positioned the organization as the leading and most trusted resource in the economies of under-resourced communities. Our research focuses on the economic and social development of under-resourced communities, industries and clusters that provide good jobs for people without college degrees, small businesses, anchor institutions, and program evaluation. We use quantitative and qualitative data to identify the competitive advantages and challenges of under-resourced communities. We believe that community and economic development should be inclusive and equitable in the process as well as in outcomes.
$701,821 spent$142,500 earned by the program9% of program spending
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $7,806,361.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $7.3M to $10M (+42%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 8% · 2024 3% · 2025 8%. Grants only. Government contracts and fees sit inside program revenue.
93% of INITIATIVE FOR A COMPETITIVE INNER CITY INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Steve Grossman
Chief executive officer
Board chair
Jair Lynch
Chairman
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2020 and FY2021 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 17 funders to 26 funders, grant income rose $582k → $5.7M.
21 of 60 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 32% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of INITIATIVE FOR A COMPETITIVE INNER CITY INC’s funders (the co-funder graph). Top 30 of 60 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
INITIATIVE FOR A COMPETITIVE INNER CITY INC leans on a few funders — its largest provides 45% of grant income and the top three 67%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
38% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund INITIATIVE FOR A COMPETITIVE INNER CITY INC.
Largest funder’s share by year: 2017 26% · 2018 48% · 2019 65% · 2020 73% · 2021 35% · 2022 41% · 2023 56% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
53% of INITIATIVE FOR A COMPETITIVE INNER CITY INC's funders are still giving 3 years after their first grant; 60% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
INITIATIVE FOR A COMPETITIVE INNER CITY INC draws 94% of its grant income from funders outside Massachusetts, across 17 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $10M arriving through sponsors registered in 15 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
INITIATIVE FOR A COMPETITIVE INNER CITY INC is better cushioned than half of the 2,367 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 2,367 housing & shelter nonprofits $1M–$10M, FY2025
Organizations like INITIATIVE FOR A COMPETITIVE INNER CITY INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Public support
53%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 2 states
Screen this organization
A dated, signed PDF of the compliance screen for INITIATIVE FOR A COMPETITIVE INNER CITY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds INITIATIVE FOR A COMPETITIVE INNER CITY INC?
- INITIATIVE FOR A COMPETITIVE INNER CITY INC (Massachusetts) receives grants from 60 organizations whose IRS filings report $32,791,957 to it, the largest being THE GOLDMAN SACHS FOUNDATION ($14,871,442). 36 of them have funded it in more than one year.
- How many funders does INITIATIVE FOR A COMPETITIVE INNER CITY INC have?
- IRS filings report 60 organizations giving $32,791,957 in grants to INITIATIVE FOR A COMPETITIVE INNER CITY INC, 36 of which have funded it in more than one year.
- Who is the largest funder of INITIATIVE FOR A COMPETITIVE INNER CITY INC?
- THE GOLDMAN SACHS FOUNDATION is the largest funder on record, with $14,871,442 in grants. The full list of funders is on this page.
- How can an organization like INITIATIVE FOR A COMPETITIVE INNER CITY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Initiative for a Competitive Inner City →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 60 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing