Innovate-educate is a 501(c)(3) organization based in Santa Fe, New Mexico, registered in 2009, with $488,819 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$489K
▲ 91.3% vs prior year
Education median: $200K
Expenses (FY2024)
$472K
Net assets
$25K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Innovate-educate— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Innovate-educate: 1 mo reserves · +4% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Innovate-educate— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Innovate-educate: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $2.7M (FY2014) to $489K (FY2024) across 11 reported years.
Financial snapshot
Operating margin
3.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$66K
Total liabilities
$41K
Net assets
$25K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $488,819▲91.3% | $471,618▲26.1% | $24,905▲223% | $66,031▲757% | 990 |
| 2023 | $255,487▼68.1% | $373,952▼42.4% | $7,704▼96.5% | $7,704▼96.5% | 990 |
| 2022 | $801,950▲72.6% | $649,460▲14.0% | $222,143▲219% | $222,143▲180% | 990 |
| 2021 | $464,656▲13.2% | $569,707▲125% | $69,653▼60.1% | $79,387▼63.5% | 990 |
| 2020 | $410,454▼54.3% | $253,249▼81.0% | $174,704▲898% | $217,553▲116% | 990 |
| 2019 | $897,758▼52.5% | $1,331,421▼45.4% | $17,499▼96.1% | $100,928▼84.0% | 990 |
| 2018 | $1,891,751▼34.3% | $2,437,455▼34.3% | $451,162▼54.7% | $632,039▼55.2% | 990 |
| 2017 | $2,881,387▼37.2% | $3,709,336▲23.8% | $996,866▼45.4% | $1,411,646▼60.2% | 990 |
| 2016 | $4,589,288▲151% | $2,995,033▲51.6% | $1,824,816▲691% | $3,545,745▲158% | 990 |
| 2015 | $1,828,687▼31.2% | $1,975,770▼27.3% | $230,561▼38.9% | $1,373,829▲208% | 990 |
| 2014 | $2,659,124 | $2,719,248▲1.4% | $377,644▲125% | $445,867▲26.3% | 990 |
| 2012 | — | $2,682,093▲471% | $168,119▲14.4% | $352,921▲86.4% | 990 |
| 2010 | — | $469,901 | $146,940 | $189,289 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
3 grants to Innovate-educate totaling $675K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Anchorum St Vincent | Internship and training opportunities | 2020 | $10,000 |
| Ecmc Foundation | Career readiness | 2017 | $615,000 |
| Strada Education Foundation Inc | Operating grant | 2015 | $50,000 |
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Data for Innovate-educate (EIN 26-3205739) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.