Innersource Commons Foundation

Analysis

Innersource Commons Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 2020, 6 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 December 2022, Innersource Commons Foundation reported income of $140k and spending of $167k, spending 119% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $263k to $140k (-47%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Innersource Commons Foundation sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 40th percentile within DE. Charities of a similar size with the same main cause include Essex County Museum and Historical Society Inc ($140k), Russian Orthodox Sacred Sites in Alaska Inc ($140k) and Kansas Ballet Company ($140k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $70k against liabilities of $1,500, net assets of $69k.