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Education · 2023 Form 990

Ncinnovation Inc: $10.3M Revenue, $2.2M Expenses

Rtp, North Carolina · EIN 844902334 · Filing year 2023

Ncinnovation Inc reported $10.3M in total revenue, $2.2M in total expenses, and $18.4M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $630K (6.13% of revenue). NonprofitTruth efficiency grade: C (50/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
50/100

Key Facts (2023 Form 990)

Total Revenue
$10.3M
Total Expenses
$2.2M
Total Assets
$18.4M
Reserve Months
102.6 months
Surplus / (Deficit)
$8.1M
EIN
844902334
Latest 990 Year
2023
Current-Officer Compensation
$630K
Officer Comp % of Revenue
6.13%

Ncinnovation Inc earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 50/100.

At $10.3M in 2023 revenue, Ncinnovation Inc sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. On the financial-health factor, Ncinnovation Inc runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Five-year revenue trajectory is strongly positive: Ncinnovation Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. Officer compensation is on the higher side of the band typical for nonprofits this size: $630,079 in total current-officer compensation against $10.3M in revenue. Not necessarily inappropriate — large healthcare systems and university systems often pay competitively with for-profit equivalents — but worth reading in context. In the Education category, Ncinnovation Inc sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$10.3M
Revenue
$2.2M
Expenses
$18.4M
Total Assets
$630K
Officer Compensation

How Ncinnovation Inc Compares

Ncinnovation Inc earns a NonprofitTruth efficiency grade of C (50/100). That is 14 points below the Education category average. Compensation for current officers and key employees represents 6.13% of total revenue. The organization holds 102.6 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$2.2M
Total Expenses
Filing year 2023
$630K
Officer Compensation
6.13% of revenue
102.6 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Ncinnovation Inc reported $10.3M in revenue against $2.2M in total functional expenses for filing year 2023, holding roughly 102.6 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $630K in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 6.13% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Ncinnovation Inc has a NonprofitTruth Efficiency Score of C (50/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Ncinnovation Inc, Donor FAQ

Ncinnovation Inc has a NonprofitTruth Efficiency Score of C (50/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Ncinnovation Inc reports $630K in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 6.13% of the organization's $10.3M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Ncinnovation Inc reported $10.3M in annual revenue and $2.2M in total expenses for filing year 2023. The organization holds $18.4M in total assets.

Ncinnovation Inc holds approximately 102.6 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Ncinnovation Inc is a registered 501(c) organization with EIN 844902334, based in Rtp, North Carolina. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.