State Innovation Exchange

Analysis

State Innovation Exchange is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, State Innovation Exchange reported income of $9.1m and spending of $9.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.4m to $9.1m (+8.6%), an average of +2.1% a year. Over the whole period it spent 86% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, State Innovation Exchange sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include Priorities USA Foundation ($9.1m), Oklahoma Bar Foundation Inc ($9.1m) and Second Amendment Foundation ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $957k (10% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $8.5m against liabilities of $782k, net assets of $7.7m. It reported 39 employees.