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Innovation for Equity Inc

EIN 84-2709943 · Washington, DC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak25 out of 100GovernanceStrong97 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

INNOVATION FOR EQUITY CONNECTS AND CULTIVATES BLACK LEADERS ACROSS EDUCATION ECOSYSTEMS TO BUILD COLLECTIVE POWER AND ADVANCE INNOVATIVE SOLUTIONS, SHAPING A FUTURE WHERE BLACK LEARNERS OF ALL AGES THRIVE.

Income
$550,412
Spending
$842,792
Spent on programs
63%
Reserves
1.2 months of spending
Largest source of income
donations and private grants, 93%
Employees
3
Volunteers
40
Highest pay
$216,400, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 25 out of 100. Higher than 2% of charities in its peer group (education, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.2 months of spending.

  • Debt

    2 of 20

    It owes 76% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 53% of income.

  • Income trend

    5 of 15

    Income fell 19% on the year before.

  • Spending floor

    8 of 15

    63% of spending went to programs and raising each dollar of donations cost 24 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 97 out of 100. Higher than 93% of charities in its peer group (education, $250k to $1m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $530,154 spent. INNOVATION FOR EQUITY (IFE) CONVENES AND SUPPORTS INSPIRING LEADERS FROM ACROSS THE EDUCATION AND WORKFORCE SECTOR WHO ARE UNITED IN THEIR COMMITMENT TO DISRUPT THE STATUS QUO AND IMPROVE OUTCOMES FOR BLACK LEARNERS OF ALL AGES. IFE'S SENIOR LEADERS FELLOWSHIP PROGRAM IS DESIGNED TO INCREASE THE PIPELINE OF PROXIMATE SENIOR LEADERS ACROSS THE EDUCATION ECOSYSTEM. SINCE 2019 IFE HAS HOSTED ANNUAL IN-PERSON AND VIRTUAL SUMMITS ALLOWING BLACK LEADERS AND ALLIES ACROSS THE EDUCATION ECOSYSTEM TO CONNECT, COLLABORATE, AND DISSEMINATE THOUGHT LEADERSHIP. IFE ALSO LEVERAGES RESEARCH TO IDENTIFY, CODIFY, AND SHARE WHAT IS DRIVING OUTCOMES FOR BLACK LEADERS. FINALLY, IFE HAS CREATED ANNUAL AWARDS FOR LEADERS THAT HAVE LEVERAGED INNOVATION TO IMPROVE OUTCOMES FOR BLACK LEARNERS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2020.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.