Passes our checks

Innovation Hub Foundation

EIN 92-0903687 · Provo, UT

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

What it says it does

To facilitate and promote an environment that spurs inniovation for entrepreneurs.

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

Good: 71 out of 100. Higher than 48% of charities in its peer group (community improvement, $1m to $10m).

Reserves
10 of 35
Spendable reserves would cover 2.2 months of spending.
Debt
20 of 20
It owes 12% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 21% of income.
Spending floor
15 of 15
100% of spending went to programs and raising each dollar of donations cost 0 cents.

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

Fair: 50 out of 100. Higher than 7% of charities in its peer group (community improvement, $1m to $10m).

Independent board
5 of 25
0 of 3 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
0 of 10
Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5
Reports no independent review process for its chief executive's pay.
Independent check of accounts
0 of 15
Its accounts were not audited or reviewed by an independent accountant.
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

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

Programs described in its return (1)

$843,102 spent. 200 Startups Engaged: From first-time founders to serial entrepreneurs, iHub has supported over 200 early-stage companies through programming, community connections, and mentorship. 300 Active Mentors: Utahs top business leaders, investors, and operators have come together to guide and grow the next generation of startups, donating time, insight, and support. Strategic Location in Provo: Positioned between BYU and UVU, iHub serves as a centralized innovation district for founders to learn, connect, and launch. Founders in Residence Program: A unique, low-barrier initiative where entrepreneurs receive workspace, personalized coaching, and access to capital connectionsall at no cost. Free Programming & Workshops: Dozens of educational events, pitch competitions, and accelerator sessions have equipped founders with tools to build sustainable businesses. Community Over Competition: iHub has fostered a culture where founders, funders, and facili

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

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.
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.
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.
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.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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.