Innovative Genomics Foundation

Analysis

Innovative Genomics Foundation is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in June 2024, 2 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 (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, Innovative Genomics Foundation reported income of $190k and spending of $171k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $190k (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Innovative Genomics Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Lecompton Historical Society ($190k), General Patton Memorial Inc ($190k) and GHF Endowment Inc ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.