Innovate Public Schools

Analysis

Innovate Public Schools is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Innovate Public Schools reported income of $6.9m and spending of $7.6m, spending 109% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $2.7m to $6.9m (+153%), an average of +36% a year. The sharpest change came in the year to June 2020, when income rose by 191%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Innovate Public Schools sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Manatee Community Foundation Inc ($6.9m), Intrepid Fallen Heroes Fund ($6.9m) and Community Foundation of the Quincy Area ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.5% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $8.7m against liabilities of $382k, net assets of $8.3m. It reported 60 employees.