Innovia Ignite Foundation
EIN: 851540129 · Spokane, WA · NTEE: T11
| Metric | Value |
|---|---|
| Total Revenue | $646K |
| Total Expenses | $930K |
| Net Assets | $2.9M |
Is Innovia Ignite Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Innovia Ignite Foundation
Innovia Ignite Foundation (EIN: 851540129) is a nonprofit organization based in Spokane, WA, classified under NTEE code T11. The organization reported total revenue of $646K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Innovia Ignite Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Innovia Ignite Foundation is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 86681.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $930K |
| Surplus / Deficit | +$2.9M |
| Total Assets | $3.2M |
| Total Liabilities | $336K |
| Net Assets | $2.9M |
| Operating Margin | 75.5% |
| Debt-to-Asset Ratio | 10.5% |
| Months of Reserves | 41.2 months |
Financial Health Grade: A
In 2023, Innovia Ignite Foundation reported a surplus of $2.9M with revenue exceeding expenses, holds 41.2 months of operating reserves (strong position), has a debt-to-asset ratio of 10.5% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Innovia Ignite Foundation's revenue has grown at a compound annual growth rate (CAGR) of 86681.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +86681.5% | +11397.2% | +897.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Innovia Ignite Foundation 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 Innovia Ignite Foundation 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 $2.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.5%.
Frequently Asked Questions about Innovia Ignite Foundation
Is Innovia Ignite Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Innovia Ignite Foundation (EIN: 851540129) insufficient data. 0 red flags identified, 0 strengths noted.
How does Innovia Ignite Foundation spend its money?
Detailed spending breakdown data is not yet available for Innovia Ignite Foundation. Check back for updated IRS 990 analysis.
Are donations to Innovia Ignite Foundation tax-deductible?
Innovia Ignite Foundation is registered as a tax-exempt nonprofit (EIN: 851540129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Innovia Ignite Foundation located?
Innovia Ignite Foundation is headquartered in Spokane, Washington and files with the IRS under EIN 851540129. It is classified under NTEE code T11.
How many years of IRS 990 filings does Innovia Ignite Foundation have?
Innovia Ignite Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $646K in total revenue.
Filing History
IRS 990 filing history for Innovia Ignite Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Innovia Ignite Foundation's revenue has grown by 86681.5%, moving from $4K to $3.8M. Total assets increased by 897.5% over the same period, from $320K to $3.2M. Total functional expenses rose by 11397.2%, from $8K to $930K. In its most recent filing year (2023), Innovia Ignite Foundation reported a surplus of $2.9M, with revenue exceeding expenses. The organization holds $336K in liabilities against $3.2M in assets (debt-to-asset ratio: 10.5%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $930K | $3.2M | $336K | — | — |
| 2022 | $4K | $8K | $320K | $324K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Innovia Ignite Foundation:
Data Sources and Methodology
This transparency report for Innovia Ignite Foundation 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.