Nonprofit screen
Screen a listOctane Foundation for Innovation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Registered
- Charity type
- Supporting organization, type not stated
$910krevenue
FY2024 · +37% in 3 yrs8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−6.0%
Months of reserve8.2mo
Revenue growth (annualized)+6.6%
Middle half of peersMedianOctane Foundation for Innovation
Where the money goes FY2024 · $964k spent
Programs$964k100%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 3 of the last 3 years
−$235k in FY2022, −$322k in FY2023 and −$54k in FY2024. Cash covers 8.2 months, above the peer median of 7.6.
990 Part I and balance sheetIn its favor2
Growing faster than peers
Revenue up 7% a year since FY2017, faster than half of similar nonprofits.
990 Part I · peer cohortA history of government grants
Government grants on 8 of its 8 returns, 48% of revenue in FY2024.
990 Part VIII6funders
$346ka year, last 3 years
64%from its largest funder
Funder’19’20’21’22’23Samueli FoundationSince FY2022$333k$333kEdwards Lifesciences FoundationSince FY2020$75k$75k$75k$90kThe Beall Family FoundationStopped after FY2021$50k$50k$50k–Broadcom FoundationEvery year since FY2019$20k$30k$30k$10k$10kSun Family FoundationNew in FY2023$20kDonor-advised giftsDonors not disclosed$12k
FundedThrough a donor-advised fundStopped