Innovative Network of Knowledge

Analysis

Innovative Network of Knowledge is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 August 2023, Innovative Network of Knowledge reported income of $16.8m and spending of $16.8m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $15.1m to $16.8m (+11%), an average of +2.6% a year. The sharpest change came in the year to August 2021, when income dropped by 35%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Innovative Network of Knowledge sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Boy Scouts of America ($16.7m), Imentor Incorporated ($16.9m) and Girl Scouts of Colorado ($16.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $246k (1.5% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $4.3m against liabilities of $2.4m, net assets of $1.8m. It reported 206 employees.

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.