Innogroup Foundation Inc

Analysis

Innogroup Foundation Inc is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in August 2014, 12 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, Innogroup Foundation Inc reported income of $864k and spending of $649k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $864k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Innogroup Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Saving Our Sons Ministries Inc ($864k), Circuit Trail Conservancy ($864k) and Community Agroecology Network ($864k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 43% of the total. Other salaries and wages came to $5,420. At year end it held assets of $6.9m against liabilities of $3.1m, net assets of $3.9m.