Innovate PGH Partnership

Analysis

Innovate PGH Partnership is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 PGH Partnership reported income of $2.0m and spending of $3.1m, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 180%. Over the whole period it spent 134% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Innovate PGH Partnership sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Community Development Corporation of Mishawaka Indiana ($2.0m), Chester Area Senior Housing Non-Profit Corporation Inc ($2.0m) and International Coalition of Girls Schools Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $163k (5.3% of expenses). Other salaries and wages came to $603k. At year end it held assets of $980k against liabilities of $753k, net assets of $227k. It reported 13 employees.