Innovation Works Inc

Community development organization based in Baltimore, MD. 14 employees. Exempt under §501(c)(3).

MissionTHE CORPORATION WILL DEVELOP SUSTAINABLE NEIGHBORHOOD ECONOMIES IN DEPRESSED AREAS BY: IGNITING INTEREST IN SUSTAINABLE SOCIAL ENTERPRISE, HELPING INDIVIDUALS TRANSFORM CHALLENGES INTO OPPORTUNITIES, CREATING SUSTAINABLE SOCIAL ENTERPRISES, GROWING FAMILY WAGE JOBS, AND SCALING

EIN
82-3417166
State
MD
Sector
Community development
Budget band
$1M–$2.5M
Latest filing
TY 2023
Records
1 officers · 5 years

Financial snapshot · TY 2023

$1.4M
Total revenue
$1.4M
Total expenses
$1.3M
Net assets

Financial health · TY 2023

13
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
32
5.7 months of expenses
Program efficiency
0
49% spent on programs
Revenue diversity
0
Mix of program fees, grants & contributions

Leadership compensation

$144,502
63th percentile vs. peers

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Innovation Works Inc Executive Compensation | 990 Data | DoubleNine