INNOVATION WORKS INC
Income Statement
Fiscal Year Start:
Jul 1
Data visualization unavailable
Revenues in 2024
$13,218,069
Government Grants
N/A
Program Services
N/A
Investments
N/A
Contributions
N/A
Fundraising Events
N/A
Membership Dues
N/A
Expenses in 2024
$16,611,674
Other
41%
Salaries & Benefits
37%
Fees to Service Providers
10%
Offices, Occupancy & IT
9%
Grants
3%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,615,940
$1,370,026
-15%
Government Grants
$10,921,565
$9,300,990
-15%
Fundraising Events
$0
$0
-
Program Services
$2,024,660
$1,815,284
-10%
Membership Dues
$0
$0
-
Investments
$1,478,907
$1,418,120
-4%
Other
-$242,987
-$686,351
+182%
Total Revenues
$15,798,085
$13,218,069
-16%
Expenses
2023
2024
Change
Grants
$446,560
$559,460
+25%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,287,904
$6,095,632
-3%
Fees to Service Providers
$1,253,017
$1,662,318
+33%
Advertising & Promotion
$22,860
$22,717
-1%
Offices, Occupancy & IT
$878,075
$1,466,661
+67%
Interest
$0
$0
-
Depreciation
$29,348
$60,461
+106%
Other
$6,948,905
$6,744,425
-3%
Total Expenses
$15,866,669
$16,611,674
+5%
Net income
2023
2024
Change
Net income
-$68,584
-$3,393,605
-4848%
Functional Expenses
Summary
2023
2024
Change
Program
$12,826,325
$14,348,251
+12%
Admin
$2,997,239
$2,153,582
-28%
Fundraising
$43,105
$109,841
+155%
Total Expenses
$15,866,669
$16,611,674
+5%
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