Intentional Innovation Foundation Inc

Analysis

Intentional Innovation Foundation Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Intentional Innovation Foundation Inc reported income of $152k and spending of $116k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $179k to $152k (-15%), an average of -15% a year. The sharpest change came in the year to June 2024, when income dropped by 15%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Intentional Innovation Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Cultural Museum of African Art Inc- the Eric Edwards Collection ($152k), Randolph County Community Arts Counsil ($152k) and Klezcalifornia Inc ($152k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 21% of the total. At year end it held assets of $229k against liabilities of $0, net assets of $229k.