Innovators For Purpose
EIN: 300841640 · Cambridge, MA · NTEE: O19
| Metric | Value |
|---|---|
| Total Revenue | $892K |
| Total Expenses | $406K |
| Net Assets | $82K |
Is Innovators For Purpose Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Innovators For Purpose
Innovators For Purpose (EIN: 300841640) is a nonprofit organization based in Cambridge, MA, classified under NTEE code O19. The organization reported total revenue of $892K and total assets of $473K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Innovators For Purpose's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Innovators For Purpose is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 41.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $453K |
| Total Expenses | $406K |
| Surplus / Deficit | +$46K |
| Total Assets | $216K |
| Total Liabilities | $133K |
| Net Assets | $82K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 61.8% |
| Months of Reserves | 6.4 months |
Financial Health Grade: A
In 2023, Innovators For Purpose reported a surplus of $46K with revenue exceeding expenses, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 61.8% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Innovators For Purpose's revenue has grown at a compound annual growth rate (CAGR) of 41.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.3% | +28.7% | +25.9% |
| 2022 | +47.6% | +26.2% | +49.1% |
| 2021 | +142.0% | +192.3% | +62.3% |
| 2020 | +5.5% | -6.2% | +183.1% |
| 2019 | +24.0% | +14.3% | +70.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Innovators For Purpose 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 Innovators For Purpose 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 surplus of $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 61.8%.
Frequently Asked Questions about Innovators For Purpose
Is Innovators For Purpose a legitimate charity?
Based on AI analysis of IRS 990 filings, Innovators For Purpose (EIN: 300841640) insufficient data. 0 red flags identified, 0 strengths noted.
How does Innovators For Purpose spend its money?
Detailed spending breakdown data is not yet available for Innovators For Purpose. Check back for updated IRS 990 analysis.
Are donations to Innovators For Purpose tax-deductible?
Innovators For Purpose is registered as a tax-exempt nonprofit (EIN: 300841640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Innovators For Purpose located?
Innovators For Purpose is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 300841640. It is classified under NTEE code O19.
How many years of IRS 990 filings does Innovators For Purpose have?
Innovators For Purpose has 7 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 $892K in total revenue.
Filing History
IRS 990 filing history for Innovators For Purpose showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Innovators For Purpose's revenue has grown by 689%, moving from $57K to $453K. Total assets increased by 1236% over the same period, from $16K to $216K. Total functional expenses rose by 499.2%, from $68K to $406K. In its most recent filing year (2023), Innovators For Purpose reported a surplus of $46K, with revenue exceeding expenses. The organization holds $133K in liabilities against $216K in assets (debt-to-asset ratio: 61.8%), resulting in net assets of $82K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $453K | $406K | $216K | $133K | — | View 990 |
| 2022 | $393K | $316K | $171K | $108K | — | View 990 |
| 2021 | $266K | $250K | $115K | $28K | — | — |
| 2020 | $110K | $86K | $71K | $33K | — | View 990 |
| 2019 | $104K | $91K | $25K | $9K | — | View 990 |
| 2018 | $84K | $80K | $15K | $12K | — | View 990 |
| 2017 | $57K | $68K | $16K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $453K, expenses of $406K, and assets of $216K (revenue +15.3% year-over-year).
- 2022: Revenue of $393K, expenses of $316K, and assets of $171K (revenue +47.6% year-over-year).
- 2021: Revenue of $266K, expenses of $250K, and assets of $115K (revenue +142.0% year-over-year).
- 2020: Revenue of $110K, expenses of $86K, and assets of $71K (revenue +5.5% year-over-year).
- 2019: Revenue of $104K, expenses of $91K, and assets of $25K (revenue +24.0% year-over-year).
- 2018: Revenue of $84K, expenses of $80K, and assets of $15K (revenue +46.5% year-over-year).
- 2017: Revenue of $57K, expenses of $68K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Innovators For Purpose:
Data Sources and Methodology
This transparency report for Innovators For Purpose 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.