Api Innovation Center

Analysis

Api Innovation Center is a registered charity in United States, based in Saint Louis, MO. 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 (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, Api Innovation Center reported income of $3.6m and spending of $2.8m, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $110k to $3.6m (+3140%), an average of +469% a year. The sharpest change came in the year to December 2023, when income rose by 3210%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Api Innovation Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include Healthy Relationships California ($3.6m), Elevate Community Services Inc ($3.6m) and The Afiya Center ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $547k (20% of expenses). Other salaries and wages came to $119k. At year end it held assets of $806k against liabilities of $4,711, net assets of $801k. It reported 4 employees.