Innovate Pasadena
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 36,862 | 10,471 | 26,391 | 57.1 | — |
| 2014 | 109,021 | 39,103 | 69,918 | 36.7 | — |
| 2015 | 294,879 | 130,743 | 164,136 | 26.1 | 8% |
| 2016 | 436,236 | 306,439 | 129,797 | 16.2 | 43% |
| 2017 | 219,211 | 379,178 | −159,967 | 8.0 | 48% |
| 2018 | 267,826 | 408,326 | −140,500 | 3.3 | 46% |
| 2019 | 225,171 | 302,083 | −76,912 | 1.4 | 62% |
| 2020 | 46,053 | 99,085 | −53,032 | -2.0 | — |
| 2021 | 83,306 | 72,595 | 10,711 | -1.0 | — |
| 2022 | 30,254 | 53,153 | −22,899 | -6.5 | — |
| 2023 | 20,741 | 20,987 | −246 | -16.7 | — |
| 2024 | 12,888 | 9,649 | 3,239 | -32.2 | — |
In its most recent public year (2024), this organization brought in $3,239 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-32.2 months), down from 57.1 in 2013.
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 2024. 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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