Innovate Washington Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,478,978 | 1,082,320 | 396,658 | 49.6 | 0% |
| 2012 | 3,483,375 | 3,337,336 | 146,039 | 5.8 | 43% |
| 2013 | 3,219,099 | 2,886,097 | 333,002 | 8.1 | 54% |
| 2014 | 2,101,634 | 2,447,273 | −345,639 | 7.9 | 40% |
| 2015 | 1,896,687 | 2,243,627 | −346,940 | 6.7 | 38% |
| 2016 | 948,948 | 1,549,050 | −600,102 | 5.1 | 48% |
| 2017 | 685,174 | 1,394,163 | −708,989 | -0.4 | 46% |
| 2018 | 713,902 | 1,348,458 | −634,556 | -6.1 | 39% |
| 2019 | 660,002 | 886,359 | −226,357 | -12.6 | 33% |
| 2020 | 1,911,500 | 1,020,285 | 891,215 | -2.5 | 37% |
| 2021 | 1,117,596 | 1,259,827 | −142,231 | -3.4 | 32% |
| 2022 | 1,197,636 | 1,090,314 | 107,322 | -2.7 | 38% |
| 2023 | 814,164 | 1,136,223 | −322,059 | -6.6 | 35% |
In its most recent public year (2023), this organization spent $322,059 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.6 months), down from 49.6 in 2011. Staff pay was 35% 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
Innovate Washington Foundation'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