Innovation Works Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 261,876 | 52,782 | 209,094 | 47.5 | 0% |
| 2019 | 486,833 | 380,008 | 106,825 | 10.0 | 0% |
| 2020 | 847,250 | 519,368 | 327,882 | 14.9 | 50% |
| 2021 | 867,783 | 989,446 | −121,663 | 9.2 | 46% |
| 2022 | 1,241,077 | 965,386 | 275,691 | 14.3 | 50% |
| 2023 | 1,417,211 | 1,280,042 | 137,169 | 12.2 | 57% |
In its most recent public year (2023), this organization brought in $137,169 more than it spent. Its reserves stood at about 12.2 months of spending, down from 47.5 in 2018. Staff pay was 57% of spending. $763,283 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
Innovation Works Inc'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