Policy & Innovation Center

Analysis

Policy & Innovation Center is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Policy & Innovation Center reported income of $4.1m and spending of $3.0m, leaving 27% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.7m to $4.1m (+146%), an average of +146% a year. The sharpest change came in the year to June 2023, when income rose by 146%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Policy & Innovation Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Quarterbacking Childrens Health Foundation ($4.1m), Greater Mankato Area United Way Inc ($4.1m) and Hendrick Family Foundation ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $5.1m against liabilities of $4.6m, net assets of $436k.