Innervision Inc

Analysis

Innervision Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Innervision Inc reported income of $671k and spending of $1.1m, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $671k (-70%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Innervision Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include A Safe Place ($671k), Marketing Association for Rehabilitation Centers Inc ($671k) and Endless Possibilities in the Community Inc ($671k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $246k (22% of expenses). Other salaries and wages came to $394k. At year end it held assets of $3.6m against liabilities of $833k, net assets of $2.8m. It reported 11 employees.