Quick charity verification for Innovo Foundation (EIN: 202982900)
Verdict: Innovo Foundation shows mixed signals
55/100Mission Score
$3.0MRevenue
$5.6MAssets
4Red Flags
2Strengths
Red Flags
Significant negative revenue in 2023 (-$252,713), indicating financial instability.
Consistent asset depletion, with assets decreasing from $7,720,939 in 2021 to $5,622,962 in 2023.
Expenses consistently exceeding revenue in recent years (e.g., 2023 expenses $875,278 vs. revenue $-252,713; 2022 expenses $1,108,025 vs. revenue $138,039).
Unusually low and consistent $1 reported for liabilities across multiple recent filings, which may suggest incomplete financial reporting.
Strengths
No officer compensation reported across all filings, indicating efficient use of funds for leadership costs.
History of significant revenue generation in certain years (e.g., $3,116,300 in 2020).
Spending Breakdown
How Innovo Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Innovo Foundation
Is Innovo Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Innovo Foundation (EIN: 202982900) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
Is Innovo Foundation a good charity to donate to?
Innovo Foundation has a Mission Score of 55/100. Revenue: $3.0M. Assets: $5.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Innovo Foundation?
The Employer Identification Number (EIN) for Innovo Foundation is 202982900. 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 Innovo Foundation spend its money?
Innovo Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Innovo Foundation's tax-exempt status?
You can verify Innovo Foundation's tax-exempt status using EIN 202982900 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
The Innovo Foundation exhibits a concerning financial trend, with significant negative revenue reported in its latest filing (-$252,713 in 2023) and a substantial decrease in assets from $7,720,939 in 2021 to $5,622,962 in 2023. This suggests the organization is spending more than it is taking in, leading to a depletion of its asset base. While the organization has a history of fluctuating revenues, the recent negative figures are particularly alarming. The consistent reporting of $1 in liabilities across multiple recent filings raises questions about the accuracy or completeness of their financial disclosures, potentially impacting transparency. The absence of reported officer compensation across all filings is a positive indicator for resource allocation, but the overall financial stability requires closer scrutiny.