Nonprofit screen
Screen a listInnovation Studio Inc
Can you give?
The IRS revoked this organization’s exemption.
Grants are generally deductible only if made before the revocation was posted.
- IRS nonprofit listing
- Flagged
- Revocation
- Revoked
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- Not stated
$1.7Mrevenue
FY202221staff
5 of 6years filed
’17’18’19’20’21’22
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2022
Operating margin−30.7%
Months of reserve1.0mo
Revenue growth (annualized)−0.5%
Middle half of peersMedianInnovation Studio
Where the money goes FY2022 · $2.3M spent
Programs$1.5M68%Management and general$712k32%990 FY2022 · Part IX line 25
Worth checking4
No return on record for FY2019
It filed for FY2018 and FY2020, with nothing on record in between.
IRS 990 e-file recordsGovernment grants fell 79% in FY2022
$662k in FY2021, $137k in FY2022.
990 Part VIIIFederal awards stopped after FY2020
$350k in FY2020, none traced since.
USAspendingDeficits in 3 of the last 3 years
−$80k in FY2020, −$224k in FY2021 and −$529k in FY2022. Cash covers 1.0 months, under the peer median of 6.5.
990 Part I and balance sheetIn its favor1
Strong governance
12 of 12 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VI20funders
$232ka year, last 3 years
25%from its largest funder
Funder’17’18’19’20’21’22’23Cummings Foundation Grants Inc (Fka Oneworld Boston Inc)Since FY2019$50k$51k$72k$53k$50kOlneyville Housing CorporationSince FY2022$115k$23kThe Bank of America Charitable Foundation IncSince FY2020$25k$25k$25k$25kChase Alice P Tr UindOn and off$43kEastern Bank FoundationOn and off$5k$25kThe Wiesler Family FoundationStopped after FY2021$10k$8k–Donor-advised giftsDonors not disclosed$50k$40k$40k$86k$178k$67k$18k4 other fundersUp to $10k a year each$10k$900$15k
FundedThrough a donor-advised fundStopped