Innovation Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,891,970 | 2,372,231 | 519,739 | 2.6 | 8% |
| 2012 | 3,333,647 | 3,102,981 | 230,666 | 2.9 | 20% |
| 2013 | 3,174,393 | 2,875,378 | 299,015 | 2.6 | 21% |
| 2014 | 3,513,492 | 3,431,287 | 82,205 | 2.5 | 19% |
| 2015 | 3,805,083 | 3,486,953 | 318,130 | 4.0 | 21% |
| 2016 | 5,089,403 | 3,845,847 | 1,243,556 | 8.7 | 30% |
| 2017 | 2,724,803 | 4,031,980 | −1,307,177 | 4.4 | 33% |
| 2018 | 3,671,842 | 3,854,747 | −182,905 | 4.6 | 34% |
| 2019 | 3,585,958 | 3,886,257 | −300,299 | 4.3 | 36% |
| 2020 | 787,864 | 1,630,435 | −842,571 | 4.3 | 50% |
| 2021 | 5,893 | 431,221 | −425,328 | 4.5 | — |
| 2022 | 313,158 | 262,329 | 50,829 | 9.7 | 67% |
| 2023 | 296,566 | 310,364 | −13,798 | 7.7 | 61% |
In its most recent public year (2023), this organization spent $13,798 more than it brought in. Its reserves stood at about 7.7 months of spending, up from 2.6 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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