Optimal Innovation Group

Analysis

Optimal Innovation Group is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in January 2022, 4 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, Optimal Innovation Group reported income of $89k and spending of $133k, spending 149% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $70k to $89k (+28%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Optimal Innovation Group sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within CO. Charities of a similar size with the same main cause include Cedar Lake-St Matthews Inc ($89k), Heavens Harvest Food Panrty ($89k) and Spiritual United Nations ($89k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.