Innovate Educate
EIN: 263205739 · Santa Fe, NM · NTEE: B03
| Metric | Value |
|---|---|
| Total Revenue | $489K |
| Total Expenses | $374K |
| Net Assets | $8K |
Is Innovate Educate Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Innovate Educate
Innovate Educate (EIN: 263205739) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code B03. The organization reported total revenue of $489K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Innovate Educate's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Innovate Educate is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $255K |
| Total Expenses | $374K |
| Surplus / Deficit | $-118,465 |
| Total Assets | $8K |
| Net Assets | $8K |
| Operating Margin | -46.4% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2023, Innovate Educate reported a deficit of $118K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Innovate Educate's revenue has declined at a compound annual growth rate (CAGR) of -17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.1% | -42.4% | -96.5% |
| 2022 | +72.6% | +14.0% | +179.8% |
| 2021 | +13.2% | +125.0% | -63.5% |
| 2020 | -54.3% | -81.0% | +115.6% |
| 2019 | -52.5% | -45.4% | -84.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Innovate Educate 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 Educate 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 $118K, with expenses exceeding revenue.
Frequently Asked Questions about Innovate Educate
Is Innovate Educate a legitimate charity?
Based on AI analysis of IRS 990 filings, Innovate Educate (EIN: 263205739) insufficient data. 0 red flags identified, 0 strengths noted.
How does Innovate Educate spend its money?
Detailed spending breakdown data is not yet available for Innovate Educate. Check back for updated IRS 990 analysis.
Are donations to Innovate Educate tax-deductible?
Innovate Educate is registered as a tax-exempt nonprofit (EIN: 263205739). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Innovate Educate located?
Innovate Educate is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 263205739. It is classified under NTEE code B03.
How many years of IRS 990 filings does Innovate Educate have?
Innovate Educate 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 $489K in total revenue.
Filing History
IRS 990 filing history for Innovate Educate showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Innovate Educate's revenue has declined by 89.5%, moving from $2.4M to $255K. Total assets decreased by 96.2% over the same period, from $202K to $8K. Total functional expenses fell by 84.6%, from $2.4M to $374K. In its most recent filing year (2023), Innovate Educate reported a deficit of $118K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $255K | $374K | $8K | $0 | — | — |
| 2022 | $802K | $649K | $222K | $0 | — | View 990 |
| 2021 | $465K | $570K | $79K | $10K | — | View 990 |
| 2020 | $410K | $253K | $218K | $43K | — | — |
| 2019 | $898K | $1.3M | $101K | $83K | — | View 990 |
| 2018 | $1.9M | $2.4M | $632K | $181K | — | View 990 |
| 2017 | $2.9M | $3.7M | $1.4M | $415K | — | View 990 |
| 2016 | $4.6M | $3.0M | $3.5M | $1.7M | — | View 990 |
| 2015 | $1.8M | $2.0M | $1.4M | $1.1M | — | View 990 |
| 2014 | $2.7M | $2.7M | $446K | $68K | — | View 990 |
| 2013 | $2.9M | $2.7M | $488K | $50K | — | View 990 |
| 2012 | $2.8M | $2.7M | $353K | $185K | — | View 990 |
| 2011 | $2.4M | $2.4M | $202K | $103K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $255K, expenses of $374K, and assets of $8K (revenue -68.1% year-over-year).
- 2022: Revenue of $802K, expenses of $649K, and assets of $222K (revenue +72.6% year-over-year).
- 2021: Revenue of $465K, expenses of $570K, and assets of $79K (revenue +13.2% year-over-year).
- 2020: Revenue of $410K, expenses of $253K, and assets of $218K (revenue -54.3% year-over-year).
- 2019: Revenue of $898K, expenses of $1.3M, and assets of $101K (revenue -52.5% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.4M, and assets of $632K (revenue -34.3% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.7M, and assets of $1.4M (revenue -37.2% year-over-year).
- 2016: Revenue of $4.6M, expenses of $3.0M, and assets of $3.5M (revenue +151.0% year-over-year).
- 2015: Revenue of $1.8M, expenses of $2.0M, and assets of $1.4M (revenue -31.2% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.7M, and assets of $446K (revenue -9.7% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.7M, and assets of $488K (revenue +7.0% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.7M, and assets of $353K (revenue +13.1% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.4M, and assets of $202K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Innovate Educate:
Data Sources and Methodology
This transparency report for Innovate Educate 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.