Innovation for Green Advanced Transportation Excellence Developm

Analysis

Innovation for Green Advanced Transportation Excellence Developm is a registered charity in United States, based in Livermore, CA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Innovation for Green Advanced Transportation Excellence Developm reported income of $484k and spending of $460k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $491k to $484k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income dropped by 28%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Innovation for Green Advanced Transportation Excellence Developm sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Pure Justice ($484k), Mainestream Finance ($485k) and Und Center for Innovation Foundation ($484k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $112k (24% of expenses). Other salaries and wages came to $26k. At year end it held assets of $525k against liabilities of $869, net assets of $524k. It reported 3 employees.