The Innovation Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 1,733,211 | 1,028,950 | 704,261 | 11.3 | 35% |
| 2019 | 1,061,233 | 1,046,513 | 14,720 | 11.3 | 41% |
| 2020 | 1,103,561 | 974,742 | 128,819 | 13.7 | 39% |
| 2021 | 523,652 | 661,508 | −137,856 | 17.7 | 51% |
| 2022 | 1,427,147 | 961,090 | 466,057 | 18.0 | 28% |
| 2023 | 3,548,948 | 3,822,958 | −274,010 | 3.7 | 29% |
In its most recent public year (2023), this organization spent $274,010 more than it brought in. Its reserves stood at about 3.7 months of spending, down from 11.3 in 2018. Staff pay was 29% of spending. $180,396 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
The Innovation Project's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works