Innovative Services Inc

Analysis

Innovative Services Inc is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Innovative Services Inc reported income of $23.3m and spending of $23.5m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $33.1m to $23.3m (-30%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Innovative Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Deutsches Altenheim Inc ($23.3m), Yolo Food Bank ($23.3m) and Madison-Haywood County Developmental Services Inc ($23.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $844k (3.6% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $13.5m against liabilities of $9.3m, net assets of $4.2m. It reported 831 employees.