Charity Search / INNOVATION WORKS INC
Community Improvement (S31) 990 on File

INNOVATION WORKS INC

EIN: 82-3417166 · BALTIMORE, MD 21202-5684 · United States · FY 2023 Data
3 out of 5 49 / 100 Based on 2+ years of filings
Financial strength (30%) 75/100
Reliability (20%) 45/100
Effectiveness (25%) 71/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$1.4M
Total Revenue
$1.3M
Total Expenses
$1.3M
Net Assets
12
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 65.4%
Fundraising Efficiency N/A
Operating Reserve 12.16x
Liability-to-Asset 2.8%
Revenue Diversification 99.4%
Compared with Peers
FY 2023
Compared with 2,193 similar organizations (United States, Community Improvement, $1M–$10M in expenses), FY 2023.
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
65.4% 85.1%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
23.0% 11.8%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
11.5% 0.2%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
12.2 mo 10.6 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
2.8% 21.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
99.4% 91.2%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
14.2% 7.5%
P10P90
Expense growth
Year over year expense growth
32.6% 13.0%
P10P90
Surplus margin
Surplus as a share of revenue
9.7% 1.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $1.4M $1.3M $1.3M 65.4% 12
2022 $1.2M $965K $1.2M 78.1% 10
2021 $1.6M $989K N/A 8
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Organization Details
EIN
82-3417166
State
MD
City
BALTIMORE
ZIP
21202-5684
Classification
S31
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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