Innocence Project Inc

Analysis

Innocence Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2007, 19 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 June 2023, Innocence Project Inc reported income of $32.5m and spending of $26.2m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.7m to $32.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 86%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Innocence Project Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Community Outreach Center Inc ($32.4m), Cattaraugus County Rehabilitation Center Inc ($32.5m) and East Ridge Retirement Village Inc ($32.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $1.6m (6.2% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $105.8m against liabilities of $14.8m, net assets of $91.0m. It reported 127 employees.