Innovate Pgh Partnership
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 689,493 | 242,211 | 447,282 | 22.0 | 0% |
| 2015 | 190,586 | 319,465 | −128,879 | 11.9 | 0% |
| 2016 | 621,299 | 252,076 | 369,223 | 32.7 | 0% |
| 2017 | 591,232 | 567,845 | 23,387 | 15.0 | 0% |
| 2018 | 1,271,533 | 883,250 | 388,283 | 14.8 | 0% |
| 2019 | 1,527,807 | 1,792,803 | −264,996 | 5.5 | 0% |
| 2020 | 1,234,137 | 1,342,302 | −108,165 | 6.3 | 34% |
| 2021 | 1,459,793 | 1,328,537 | 131,256 | 7.5 | 39% |
| 2022 | 719,178 | 1,758,578 | −1,039,400 | 8.8 | 36% |
| 2023 | 2,010,753 | 3,075,399 | −1,064,646 | 0.9 | 25% |
In its most recent public year (2023), this organization spent $1,064,646 more than it brought in. Its reserves stood at about 0.9 months of spending, down from 22 in 2014. Staff pay was 25% of spending. $196,591 of its net assets are donor-restricted.
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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