Innovate-Educate

Analysis

Innovate-Educate is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Innovate-Educate reported income of $255k and spending of $374k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $898k to $255k (-72%), an average of -27% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovate-Educate sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NM. Charities of a similar size with the same main cause include Lakeshore Band Parents Inc ($255k), Rappu Inc ($255k) and Foundation for Educational Development Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 61% of the total. At year end it held assets of $7,704 against liabilities of $0, net assets of $7,704.