Innovation Studio Inc
Only null% goes to programs Thin reserves
Innovation Studio Inc is a 501(c)(3) organization based in Roxbury, Massachusetts, registered in 2014, with $1,723,186 in FY2022 revenue. CharityIndex grades it D.
2300 Washington St, Roxbury, MA, 02119 EIN 45-5191933 Since 2014
Revenue (FY2022)
$1.7M
▼ 16.7% vs prior year
Community median: $184K
Expenses (FY2022)
$2.3M
Net assets
-$227K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Innovation Studio Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -31% margin
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 Innovation Studio Inc: 0 mo reserves · -31% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Innovation Studio Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Innovation Studio Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2300 Washington St, Roxbury, MA, 02119
- City
- Roxbury
- State
- Massachusetts
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue grew from $306K (FY2013) to $1.7M (FY2022) across 9 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $715KNet assets -$227K
Operating margin
-30.7%
Spent more than it raised in the latest fiscal year.
Total assets
$488K
Total liabilities
$715K
Net assets
-$227K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $1,723,186▼16.7% | $2,252,650▼1.8% | -$227,043▼189% | $487,657▼49.7% | 990 |
| 2021 | $2,069,490▼49.1% | $2,293,396▼44.7% | $254,269▼46.8% | $968,961▼30.3% | 990 |
| 2020 | $4,064,836▲131% | $4,144,891▲102% | $478,175▲69.1% | $1,389,900▲41.9% | 990 |
| 2018 | $1,763,324▼0.3% | $2,049,449▲12.4% | $282,788▼50.3% | $979,709▼26.8% | 990 |
| 2017 | $1,769,326▼2.1% | $1,822,658▲21.6% | $568,913▼8.6% | $1,338,829▲25.1% | 990 |
| 2016 | $1,807,552▲31.1% | $1,498,953▲6.8% | $622,245▲98.4% | $1,069,822▼16.1% | 990 |
| 2015 | $1,378,825▼18.9% | $1,403,543▲35.6% | $313,646▼10.1% | $1,274,796▲44.0% | 990 |
| 2014 | $1,699,193▲455% | $1,034,737▲151% | $348,855▲463% | $885,138▲672% | 990 |
| 2013 | $306,083 | $412,133 | -$96,060 | $114,703 | 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.
Grants received · $692K total
16 grants to Innovation Studio Inc totaling $692K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Rhode Island Community Foundation | Es - economic security (primary) | 2024 | $91,000 |
| Boston Foundation Inc | Economic development | 2023 | $20,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,000 |
| The Rhode Island Community Foundation | Economic security | 2023 | $7,500 |
| Boston Foundation Inc | Operating support/annual fund | 2022 | $10,000 |
| The Rhode Island Community Foundation | Ri small business & entrepreneurship program | 2021 | $128,000 |
| Boston Foundation Inc | Operating support/annual fund | 2021 | $50,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $17,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $17,000 |
| Boston Foundation Inc | Operating support/annual fund | 2020 | $50,000 |
| American Online Giving Foundation Inc | General support | 2019 | $70,500 |
| Boston Foundation Inc | Economic development | 2018 | $40,000 |
| Boston Foundation Inc | Economic development | 2017 | $40,000 |
| Boston Foundation Inc | Economic development | 2017 | $40,000 |
| Boston Foundation Inc | Economic development | 2016 | $50,000 |
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Compare Innovation Studio Inc
Frequently asked questions
- Is Innovation Studio Inc a legitimate nonprofit?
- Yes. Innovation Studio Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-5191933, based in Roxbury, Massachusetts. Donations are tax-deductible.
- What is Innovation Studio Inc's EIN?
- Innovation Studio Inc's Employer Identification Number (EIN) is 45-5191933.
- How much revenue does Innovation Studio Inc report?
- Innovation Studio Inc reported $1,723,186 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Innovation Studio Inc have?
- CharityIndex grades Innovation Studio Inc D, based on financial health (reserves and operating margin).
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Data for Innovation Studio Inc (EIN 45-5191933) 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.