Israel Innovation Fund Inc

Analysis

Israel Innovation Fund Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Israel Innovation Fund Inc reported income of $308k and spending of $314k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $617k to $308k (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Israel Innovation Fund 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 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include U S Space Walk of Fame Foundation ($308k), New York Steam Engine Association Inc ($308k) and Gallery Players of Oregon ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $64k against liabilities of $63k, net assets of $1,010.