Innovative Policy Lab

Analysis

Innovative Policy Lab is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Innovative Policy Lab reported income of $3.3m and spending of $5.3m, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.3m (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovative Policy Lab sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Center for Law and Human Values Inc ($3.3m), Academy of Arts and Sciences ($3.3m) and Sigma Alpha Epsilon Foundation ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $781k (15% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $591k against liabilities of $262k, net assets of $329k. It reported 29 employees.