Innovators Network Foundation

Analysis

Innovators Network Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Innovators Network Foundation reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $980k to $1.1m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 140%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Innovators Network Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 57th percentile within DC. Charities of a similar size with the same main cause include United Charity Institutions of Jerusalem ($1.1m), Starting Point Services for Victims of Domestic and Sexual Violence ($1.1m) and Dads Divine Alternatives for Dads Services ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $144k (13% of expenses). Other salaries and wages came to $130k. At year end it held assets of $943k against liabilities of $130k, net assets of $813k. It reported 3 employees.