Innovative Soulutions

Analysis

Innovative Soulutions is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2021, 5 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 2022, Innovative Soulutions reported income of $121k and spending of $57k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $65k to $121k (+85%), an average of +85% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Innovative Soulutions sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Mercy Outreach Ministries III Inc ($121k), Jericho Cares Foundation Inc ($121k) and Fentress County Food Bank Inc ($121k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $74k against liabilities of $188, net assets of $73k.