INNOVATION WORKS INC
AI Summary
INNOVATION WORKS INC is a technology-focused nonprofit that works to increase the success rate of technology and technology-adopting companies in southwestern Pennsylvania through direct investment, business assistance, and infrastructure development. In fiscal year 2025, it reported an operating budget of $18 million and total revenue of $14.6 million, with top funders including BNY MELLON FOUNDATION OF SOUTHWESTERN PA, MCCUNE FOUNDATION PNC BANK NA, and CIERVO FOUNDATION C/O NICHOLAS HOLLAND.
Mission Statement
INNOVATION WORKS' MISSION IS TO INCREASE THE SUCCESS RATE OF THE REGION'S TECHNOLOGY AND TECHNOLOGY ADOPTING COMPANIES THROUGH DIRECT INVESTMENT, BUSINESS ASSISTANCE, AND INFRASTRUCTURE DEVELOPMENT. UNDERLYING IW'S MISSION IS THE BELIEF THAT INNOVATION IS A KEY ENGINE OF GROWTH FOR THE SOUTHWESTERN PENNSYLVANIA REGION. ACTIVITIES UNDERTAKEN BY INNOVATION WORKS IN PURSUIT OF THIS MISSION HAVE RESULTED IN SIGNIFICANT COMMUNITY DEVELOPMENT BENEFITS, INCLUDING CREATION OF JOBS, ATTRACTION OF INVESTMENT, AND INCREASED COMPETITIVE ADVANTAGE FOR COMPANIES LOCATED IN SOUTHWESTERN PENNSYLVANIA.
Cause Areas
1
Technology
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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- 16 funders
- 58 board & team members
- 11 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is INNOVATION WORKS INC’s budget?
In 2024, INNOVATION WORKS INC reported an annual operating budget of around $16.1 million. More detailed financial information is available to registered users.
What causes does INNOVATION WORKS INC support?
INNOVATION WORKS INC supports work in Technology.
Where does INNOVATION WORKS INC operate?
INNOVATION WORKS INC is headquartered in Pittsburgh, PA.
Who funded INNOVATION WORKS INC recently?
In 2024, INNOVATION WORKS INC received grants from CLAUDE WORTHINGTON BENEDUM FOUNDATION, THE MARION I & HENRY J KNOTT FOUNDATION INC, and MCKINNEY CHARITABLE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant INNOVATION WORKS INC received in 2024?
The largest grant to INNOVATION WORKS INC in 2024 exceeds $50 thousand.
What is INNOVATION WORKS INC’s reliance on government grants?
INNOVATION WORKS INC relied on government grants for more than 70% of their total revenue in 2024.