Innovative Opportunities Inc

Analysis

Innovative Opportunities Inc is a registered charity in United States, based in Worthington, OH. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover employment, 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, Innovative Opportunities Inc reported income of $341k and spending of $347k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $639k to $341k (-47%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Innovative Opportunities Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Downtown Boise Foundation ($341k), Gateway to Leadership ($341k) and Miami Childrens Initiative Inc ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $224k. At year end it held assets of $332k against liabilities of $156k, net assets of $176k. It reported 13 employees.