Public Charity

INNOVATION WORKS INC

INNOVATION WORKS INC, of BALTIMORE, MD, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.8M in revenue, $1.7M in expenses, $2.1M in total assets. 49 publicly reported grants to this organization, totaling roughly $2.0M, appear in IRS filings.

EIN: 823417166 BALTIMORE, MD Urban & Community Economic Development NTEE: S31 Latest filing: 2025
Total Revenue$1.8M
Total Expenses$1.7M
Total Assets$2.1M
Grant Records49
Funding Total$2.0M
Filing Years2021–2025

Mission

THE CORPORATION WILL DEVELOP SUSTAINABLE NEIGHBORHOOD ECONOMIES IN DEPRESSED AREAS BY: IGNITING INTEREST IN SUSTAINABLE SOCIAL ENTERPRISE, HELPING INDIVIDUALS TRANSFORM CHALLENGES INTO OPPORTUNITIES, CREATING SUSTAINABLE SOCIAL ENTERPRISES, GROWING FAMILY WAGE JOBS, AND SCALING LOCAL SOLUTIONS TO NATIONAL MARKETS. TRAINING AND DEVELOPING ENTREPRENEURS WILL BE A TOP PRIORITY THROUGH PROGRAMMING AND EDUCATION.

Officers & Directors

CEO A Jay Nwachu
DIRECTOR Anthony Watters Jr
DIRECTOR Dan Rizzo
DIRECTOR Dr Frank Lance
DIRECTOR Francis Knott
DIRECTOR Jim Peterson Jr

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT AND VARIOUS PROJECTS
$382,175 5 grants
GENERAL SUPPORT
$369,500 9 grants
For grant recipient's exempt purposes
$176,500 6 grants
MULTIPLE
$141,488 3 grants
PUBLIC, SOCIETAL BENEFIT
$127,000 7 grants

Financial Trends

Year Revenue Expenses Assets
2025 $1.8M $1.7M $2.1M
2024 $1.4M $1.4M $1.3M
2023 $1.4M $1.3M $1.3M
2022 $1.2M $965K $1.2M
2021 $868K $989K $839K

Between 2021 and 2025, reported annual revenue grew from $868K to $1.8M (+112%), with total assets most recently reported at $2.1M.

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

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