Und Center for Innovation Foundation

Analysis

Und Center for Innovation Foundation is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in May 1993, 33 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, Und Center for Innovation Foundation reported income of $484k and spending of $503k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $868k to $484k (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Und Center for Innovation Foundation 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 66th percentile within ND. Charities of a similar size with the same main cause include She Event Indy Ltd ($484k), Pure Justice ($484k) and Ussga Memorial Fund Inc ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 13% of the total. At year end it held assets of $8.4m against liabilities of $173k, net assets of $8.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.