Four Corners Innovations Inc

Analysis

Four Corners Innovations Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Four Corners Innovations Inc reported income of $156k and spending of $197k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $272k to $156k (-42%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 217%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Four Corners Innovations Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within NM. Charities of a similar size with the same main cause include Madison Automotive Apprentices Inc ($156k), Educational Foundation of Greene County Technical School Dist No1 I ($156k) and Ridgedale Boosters Club Inc ($156k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 95% of the total. Other salaries and wages came to $24k. At year end it held assets of $554k against liabilities of $36k, net assets of $518k. It reported 1 employees.