Advanced Methods in Innovation

Analysis

Advanced Methods in Innovation is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in July 2011, 15 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, Advanced Methods in Innovation reported income of $185k and spending of $20k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $185k (+138%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 422%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Advanced Methods in Innovation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Alviso in Action ($185k), Troy Main Street Inc ($185k) and Suited for Success Inc ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.