Is Innovation Network For Communities Legit?

Quick charity verification for Innovation Network For Communities (EIN: 205097409)

Verdict: Innovation Network For Communities appears trustworthy

85/100Mission Score

$4.0MRevenue

$2.0MAssets

2Red Flags

4Strengths

Red Flags

Recent operating deficits (e.g., $216,326 in 2023, $64,190 in 2022)
NTEE code 'S99' (Unknown) lacks specific programmatic clarity

Strengths

Consistent 0% officer compensation, indicating high efficiency in leadership costs
Strong asset base relative to liabilities (e.g., 2023 assets $2,299,862 vs. liabilities $205,798)
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance
Significant revenue generation, often exceeding $3 million annually

Spending Breakdown

How Innovation Network For Communities allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Innovation Network For Communities

Is Innovation Network For Communities a legitimate charity?

Based on AI analysis of IRS 990 filings, Innovation Network For Communities (EIN: 205097409) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Innovation Network For Communities a good charity to donate to?

Innovation Network For Communities has a Mission Score of 85/100. Revenue: $4.0M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Innovation Network For Communities?

The Employer Identification Number (EIN) for Innovation Network For Communities is 205097409. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Innovation Network For Communities spend its money?

Innovation Network For Communities allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Innovation Network For Communities's tax-exempt status?

You can verify Innovation Network For Communities's tax-exempt status using EIN 205097409 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Innovation Network For Communities demonstrates a generally stable financial position, though recent years show expenses exceeding revenue. In 2023, expenses were $3,407,729 against revenues of $3,191,403, indicating a deficit. This trend is also visible in 2022, with expenses of $3,783,194 exceeding revenues of $3,719,004. However, the organization maintains healthy assets, reported at $2,299,862 in 2023, significantly higher than its liabilities of $205,798, suggesting good solvency. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. The organization's NTEE code S99 ('Unknown') could potentially raise questions about the clarity of its specific programmatic focus, but the financial data otherwise points to a well-managed entity with a strong asset base relative to its liabilities.

Spending efficiency appears to be reasonable, with a significant portion of expenses likely directed towards programs, given the absence of executive compensation. The organization has experienced fluctuations in revenue and expenses over the years, with a notable surplus in 2021 (Revenue $4,286,946 vs. Expenses $2,684,651) which likely contributed to its strong asset base. The consistent filing of IRS 990 forms over 13 periods further demonstrates a commitment to transparency and regulatory compliance. While recent deficits warrant monitoring, the overall financial health appears sound, supported by substantial assets and low liabilities.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.