Pursuit of Innovation

Analysis

Pursuit of Innovation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Pursuit of Innovation reported income of $771k and spending of $660k, spending 85% of its income. Across the 4 years on record, from April 2021 to December 2023, income grew from $194k to $771k (+297%), an average of +58% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Pursuit of Innovation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include Angel Charity for Children Foundation Inc ($770k), Korean American Special Education Center ($773k) and Bais Schneur Youth Development Program ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (16% of expenses). Other salaries and wages came to $48k. At year end it held assets of $467k against liabilities of $4,522, net assets of $463k. It reported 7 employees.