Public Charity

INNOVATION WORKS INC

INNOVATION WORKS INC is a nonprofit organization categorized as Public Charity based in PITTSBURGH, PA. Its most recent IRS filing (2025) reports revenue of $14.6M, expenses of $18.5M, total assets of $45.6M. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $310K.

EIN: 251588611 PITTSBURGH, PA Latest filing: 2025
Total Revenue$14.6M
Total Expenses$18.5M
Total Assets$45.6M
Grant Records2
Funding Total$310K
Filing Years2021–2025

Mission

SEE SCHEDULE OINNOVATION WORKS' MISSION IS TO INCREASE THE SUCCESS RATE OF THE REGION'S TECHNOLOGY AND TECHNOLOGY ADOPTING COMPANIES THROUGH DIRECT INVESTMENT, BUSINESS ASSISTANCE, AND INFRASTRUCTURE DEVELOPMENT. UNDERLYING IW'S MISSION IS THE BELIEF THAT INNOVATION IS A KEY ENGINE OF GROWTH FOR THE SOUTHWESTERN PENNSYLVANIA REGION. ACTIVITIES UNDERTAKEN BY INNOVATION WORKS IN PURSUIT OF THIS MISSION HAVE RESULTED IN SIGNIFICANT COMMUNITY DEVELOPMENT BENEFITS, INCLUDING CREATION OF JOBS, ATTRACTION OF INVESTMENT, AND INCREASED COMPETITIVE ADVANTAGE FOR COMPANIES LOCATED IN SOUTHWESTERN PENNSYLVANIA.

Where $100 goes at Innovation Works Inc

How Innovation Works Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$84 Programs the work itself
$16 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $84 for programs

$84
The companies served by iw impact southwestern pennsylvania in several ways: (1) they create jobs; (2) they help retain key regional talent; (3) they attract investment dollars and…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Dr Steven Reis
DIRECTOR OF ACCELERATOR PROGRAMS Mr Aaron Tainter
BOARD MEMBER (AS OF 4/25) Mr Carl Daley
BOARD MEMBER (AS OF 10/24) Mr David Roger
PORTFOLIO EXECUTIVE Mr Jeffery Mcdaniel
BOARD MEMBER Mr Jimmy Williams

Officer compensation and complete director data available with membership.

Top Grant Purposes

Health & Medicine
$160,000 1 grant
Research & Policy
$150,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $14.6M $18.5M $45.6M
2024 $13.2M $16.6M $45.8M
2023 $15.8M $15.9M $49.2M
2022 $24.1M $11.0M $49.0M
2021 $14.7M $10.2M $37.7M

Between 2021 and 2025, reported annual revenue held roughly steady at around $14.6M, with total assets most recently reported at $45.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for INNOVATION WORKS INC

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