Innovative Industries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 703,023 | 787,935 | −84,912 | 20.7 | 54% |
| 2012 | 650,398 | 730,300 | −79,902 | 21.0 | 64% |
| 2013 | 846,165 | 823,970 | 22,195 | 18.9 | 70% |
| 2014 | 967,981 | 969,599 | −1,618 | 16.1 | 67% |
| 2015 | 1,169,661 | 1,106,118 | 63,543 | 14.6 | 9% |
| 2016 | 1,478,119 | 1,352,568 | 125,551 | 13.2 | 68% |
| 2017 | 1,318,849 | 1,304,316 | 14,533 | 13.8 | 68% |
| 2018 | 1,245,234 | 1,251,934 | −6,700 | 14.3 | 68% |
| 2019 | 1,374,284 | 1,364,178 | 10,106 | 13.2 | 68% |
| 2020 | 1,314,100 | 1,309,992 | 4,108 | 13.8 | 65% |
| 2021 | 1,490,867 | 1,470,567 | 20,300 | 12.4 | 67% |
| 2022 | 1,519,849 | 1,528,841 | −8,992 | 11.9 | 0% |
| 2023 | 2,308,806 | 1,887,432 | 421,374 | 12.3 | 61% |
In its most recent public year (2023), this organization brought in $421,374 more than it spent. Its reserves stood at about 12.3 months of spending, down from 20.7 in 2011. Staff pay was 61% 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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