Pursuit Of Innovation
EIN: 471895137 · Des Moines, IA · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $344K |
| Total Expenses | $660K |
| Net Assets | $463K |
Is Pursuit Of Innovation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pursuit Of Innovation
Pursuit Of Innovation (EIN: 471895137) is a nonprofit organization based in Des Moines, IA, classified under NTEE code O50. The organization reported total revenue of $344K and total assets of $298K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pursuit Of Innovation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pursuit Of Innovation is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 52.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $771K |
| Total Expenses | $660K |
| Surplus / Deficit | +$112K |
| Total Assets | $467K |
| Total Liabilities | $5K |
| Net Assets | $463K |
| Operating Margin | 14.5% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Pursuit Of Innovation reported a surplus of $112K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 7 years of filings (2018–2023), Pursuit Of Innovation's revenue has grown at a compound annual growth rate (CAGR) of 52.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.5% | +33.0% | +32.8% |
| 2022 | +74.8% | +97.1% | +57.7% |
| 2021 | +80.9% | +86.5% | +64.4% |
| 2021 | +18.9% | +5.2% | +51.3% |
| 2020 | +14.7% | +0.4% | +61.1% |
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 Pursuit Of Innovation 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 Pursuit Of Innovation 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 $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Pursuit Of Innovation
Is Pursuit Of Innovation a legitimate charity?
Pursuit Of Innovation (EIN: 471895137) is a registered tax-exempt nonprofit based in Iowa. It has 7 years of IRS 990 filings on record. Total revenue: $344K. No red flags identified. Financial health grade: A.
How does Pursuit Of Innovation spend its money?
Pursuit Of Innovation reported $344K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pursuit Of Innovation tax-deductible?
Pursuit Of Innovation is registered as a tax-exempt nonprofit (EIN: 471895137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pursuit Of Innovation located?
Pursuit Of Innovation is headquartered in Des Moines, Iowa and files with the IRS under EIN 471895137. It is classified under NTEE code O50.
How many years of IRS 990 filings does Pursuit Of Innovation have?
Pursuit Of Innovation 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 $344K in total revenue.
Filing History
IRS 990 filing history for Pursuit Of Innovation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2018–2023), Pursuit Of Innovation's revenue has grown by 733.9%, moving from $93K to $771K. Total assets increased by 615.2% over the same period, from $65K to $467K. Total functional expenses rose by 588.9%, from $96K to $660K. In its most recent filing year (2023), Pursuit Of Innovation reported a surplus of $112K, with revenue exceeding expenses. The organization holds $5K in liabilities against $467K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $463K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $771K | $660K | $467K | $5K | — | — |
| 2022 | $615K | $496K | $352K | $226K | — | — |
| 2021 | $352K | $252K | $223K | $0 | — | — |
| 2021 | $194K | $135K | $136K | $0 | — | — |
| 2020 | $164K | $128K | $90K | $0 | — | View 990 |
| 2019 | $143K | $128K | $56K | $0 | — | View 990 |
| 2018 | $93K | $96K | $65K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $771K, expenses of $660K, and assets of $467K (revenue +25.5% year-over-year).
- 2022: Revenue of $615K, expenses of $496K, and assets of $352K (revenue +74.8% year-over-year).
- 2021: Revenue of $352K, expenses of $252K, and assets of $223K (revenue +80.9% year-over-year).
- 2021: Revenue of $194K, expenses of $135K, and assets of $136K (revenue +18.9% year-over-year).
- 2020: Revenue of $164K, expenses of $128K, and assets of $90K (revenue +14.7% year-over-year).
- 2019: Revenue of $143K, expenses of $128K, and assets of $56K (revenue +54.2% year-over-year).
- 2018: Revenue of $93K, expenses of $96K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pursuit Of Innovation:
Data Sources and Methodology
This transparency report for Pursuit Of Innovation 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.