Idaho Innovation Center Inc

Analysis

Idaho Innovation Center Inc is a registered charity in United States, based in Idaho Falls, ID. It received its IRS tax-exemption ruling in October 2024, 2 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Idaho Innovation Center Inc reported income of $233k and spending of $386k, spending 166% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $441k to $233k (-47%), an average of -19% a year. The sharpest change came in the year to May 2023, when income dropped by 48%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Idaho Innovation Center Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within ID. Charities of a similar size with the same main cause include Abilene Back the Badge Foundation ($233k), Pine Hill Indian Community Development Initiative ($233k) and Opportunity Wichita Inc ($233k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 138% of the total. Compensation of current officers, directors and key employees was $90k (23% of expenses). Other salaries and wages came to $69k. At year end it held assets of $1.3m against liabilities of $31k, net assets of $1.3m. It reported 4 employees.