Innovate Anderson
EIN: 570981427 · Anderson, SC
| Metric | Value |
|---|---|
| Total Revenue | $671K |
| Total Expenses | $81K |
| Net Assets | $1.2M |
Is Innovate Anderson Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Innovate Anderson
Innovate Anderson (EIN: 570981427) is a nonprofit organization based in Anderson, SC. The organization reported total revenue of $671K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Innovate Anderson's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Innovate Anderson is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -21.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $81K |
| Surplus / Deficit | $-56,446 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -232.9% |
| Months of Reserves | 180.0 months |
Financial Health Grade: B
In 2023, Innovate Anderson reported a deficit of $56K with expenses exceeding revenue, holds 180.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Innovate Anderson's revenue has declined at a compound annual growth rate (CAGR) of -21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -81.5% | -27.9% | +5.2% |
| 2022 | -17.2% | -21.6% | -19.9% |
| 2021 | +379.7% | -0.3% | +8.3% |
| 2020 | +123.6% | +90.7% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Innovate Anderson has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Innovate Anderson with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56K, with expenses exceeding revenue.
Frequently Asked Questions about Innovate Anderson
Is Innovate Anderson a legitimate charity?
Innovate Anderson (EIN: 570981427) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $671K. No red flags identified. Financial health grade: B.
How does Innovate Anderson spend its money?
Innovate Anderson reported $671K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Innovate Anderson tax-deductible?
Innovate Anderson is registered as a tax-exempt nonprofit (EIN: 570981427). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Innovate Anderson located?
Innovate Anderson is headquartered in Anderson, South Carolina and files with the IRS under EIN 570981427.
How many years of IRS 990 filings does Innovate Anderson have?
Innovate Anderson has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $671K in total revenue.
Filing History
IRS 990 filing history for Innovate Anderson showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Innovate Anderson's revenue has declined by 94.9%, moving from $471K to $24K. Total assets decreased by 37.5% over the same period, from $1.9M to $1.2M. Total functional expenses fell by 83.8%, from $497K to $81K. In its most recent filing year (2023), Innovate Anderson reported a deficit of $56K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $81K | $1.2M | $0 | — | — |
| 2022 | $131K | $112K | $1.2M | $0 | — | View 990 |
| 2021 | $158K | $143K | $1.4M | $0 | — | View 990 |
| 2020 | $33K | $143K | $1.3M | $0 | — | — |
| 2019 | $15K | $75K | $1.2M | $0 | — | View 990 |
| 2018 | $-672,327 | $143K | $1.2M | $0 | — | View 990 |
| 2017 | $274K | $347K | $2.1M | $0 | — | View 990 |
| 2016 | $582K | $541K | $2.1M | $0 | — | View 990 |
| 2015 | $864K | $725K | $2.1M | $0 | — | View 990 |
| 2014 | $737K | $708K | $2.2M | $282K | — | View 990 |
| 2013 | $497K | $468K | $1.9M | $0 | — | View 990 |
| 2012 | $500K | $542K | $1.9M | $0 | — | View 990 |
| 2011 | $471K | $497K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $81K, and assets of $1.2M (revenue -81.5% year-over-year).
- 2022: Revenue of $131K, expenses of $112K, and assets of $1.2M (revenue -17.2% year-over-year).
- 2021: Revenue of $158K, expenses of $143K, and assets of $1.4M (revenue +379.7% year-over-year).
- 2020: Revenue of $33K, expenses of $143K, and assets of $1.3M (revenue +123.6% year-over-year).
- 2019: Revenue of $15K, expenses of $75K, and assets of $1.2M.
- 2018: Revenue of $-672,327, expenses of $143K, and assets of $1.2M (revenue -345.7% year-over-year).
- 2017: Revenue of $274K, expenses of $347K, and assets of $2.1M (revenue -53.0% year-over-year).
- 2016: Revenue of $582K, expenses of $541K, and assets of $2.1M (revenue -32.6% year-over-year).
- 2015: Revenue of $864K, expenses of $725K, and assets of $2.1M (revenue +17.3% year-over-year).
- 2014: Revenue of $737K, expenses of $708K, and assets of $2.2M (revenue +48.2% year-over-year).
- 2013: Revenue of $497K, expenses of $468K, and assets of $1.9M (revenue -0.6% year-over-year).
- 2012: Revenue of $500K, expenses of $542K, and assets of $1.9M (revenue +6.2% year-over-year).
- 2011: Revenue of $471K, expenses of $497K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Innovate Anderson:
Data Sources and Methodology
This transparency report for Innovate Anderson is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.