Janesville Innovation Inc

Analysis

Janesville Innovation Inc is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in November 2013, 13 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, Janesville Innovation Inc reported income of $140k and spending of $121k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $175k to $140k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Janesville Innovation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within WI. Charities of a similar size with the same main cause include Alleghenny Council to Improve Out Neighborhoods-Housing Inc ($140k), Editorial Hypermedia Inc ($140k) and Lorain Growth Corporation ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $11k against liabilities of $131k, net assets of -$120k.