Innovative Industries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,682,801 | 3,732,756 | −49,955 | 2.8 | 59% |
| 2012 | 3,568,854 | 3,681,739 | −112,885 | 2.5 | 58% |
| 2013 | 3,615,696 | 3,622,652 | −6,956 | 2.5 | 62% |
| 2014 | 3,099,095 | 3,489,471 | −390,376 | 1.3 | 60% |
| 2015 | 3,282,514 | 3,304,087 | −21,573 | 1.0 | 60% |
| 2016 | 3,662,364 | 3,610,606 | 51,758 | 1.1 | 59% |
| 2017 | 3,722,952 | 3,821,650 | −98,698 | 0.8 | 56% |
| 2018 | 3,637,164 | 3,612,227 | 24,937 | 0.9 | 57% |
| 2019 | 3,876,373 | 3,758,948 | 117,425 | 1.2 | 57% |
| 2020 | 3,958,147 | 3,811,376 | 146,771 | 1.7 | 57% |
| 2021 | 4,140,347 | 3,863,216 | 277,131 | 2.5 | 57% |
| 2022 | 4,240,477 | 4,228,262 | 12,215 | 2.3 | 57% |
| 2023 | 4,860,676 | 4,683,645 | 177,031 | 2.6 | 56% |
In its most recent public year (2023), this organization brought in $177,031 more than it spent. Its reserves stood at about 2.6 months of spending. Staff pay was 56% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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