Charity Search / INNOVATION FUND AMERICA INC
Community Improvement (S30) 990 on File

INNOVATION FUND AMERICA INC

EIN: 46-1761848 · ELYRIA, OH 44035-1613 · United States · FY 2025 Data
2 out of 5 39 / 100 Based on 2+ years of filings
Financial strength (30%) 36/100
Reliability (20%) 45/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$50K
Total Revenue
$1.8M
Total Expenses
$-7,379,783
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 99.9%
Fundraising Efficiency N/A
Operating Reserve -49.40x
Liability-to-Asset 10941.3%
Revenue Diversification 50.0%
Executive Compensation $16K
Compared with Peers
FY 2025
Compared with 703 similar organizations (United States, Community Improvement, $1M–$10M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
99.9% 85.4%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
0.1% 11.1%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
-49.4 mo 10.2 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
10941.3% 20.7%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
50.0% 89.8%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-33.4% 6.3%
P10P90
Expense growth
Year over year expense growth
118.1% 7.8%
P10P90
Surplus margin
Surplus as a share of revenue
-3485.6% 2.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $50K $1.8M $-7,379,783 99.9% 0
2024 $75K $822K $-5,637,008 99.8% 0
2023 $25K $1.8M $-4,889,942 99.9% 0
2022 $25K $438K $-3,067,404 99.7% 0
2021 $0 $912K N/A — 0
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Organization Details
EIN
46-1761848
State
OH
City
ELYRIA
ZIP
44035-1613
Classification
S30
Category
Community Improvement
Rating
2★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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