Innovators for Purpose Logo

MIP Score

43

Youth Development
NEC Youth Development Support

Innovators for Purpose

Mission

Innovators for Purpose (iFp) is a BIPOC-led nonprofit design and innovation studio located in Cambridge, MA. It is dedicated to developing a new generation of diverse, socially conscious innovators, particularly from historically marginalized groups. iFp combines design and STEM training with a focus on social impact, enabling young people to become leaders and agents of transformative change within their communities. Through experiential learning and mentorship, the organization seeks to create inclusive pathways in STEM careers and enhances students' capabilities to address real-world challenges.

Basic Information

Tax-Exempt

Address

91 First Street, Cambridge, Massachusetts, 02141

View all Cambridge charities

Founded in

2014

EIN

30-0841640

Total Assets

$215.8 thousand

UN Sustainable Development Goals Supported

This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.

At a Glance

Transforming AI Summit

Transforming AI Summit

Join us as we explore the question, How Might We transform AI from a technology where inclusion is not just an aspiration, but the primary catalyst for innovation?

A Night with Dr. Joy Buolamwini

A Night with Dr. Joy Buolamwini

An event focused on social justice and AI, emphasizing the impact of technology on marginalized communities.

iFp Open House

iFp Open House

Exclusive behind-the-scenes reveal of iFp Emerging Innovators’ latest project: 'Transforming AI: Equity, Justice, and You.'

Impact Stats

$100,000

Grant Amount

Cummings Foundation Grant

iFp was awarded a $100,000 grant from the Cummings Foundation to support its programs.

Past Events

A Night with Dr. Joy Buolamwini

2022-10-15

A Night with Dr. Joy Buolamwini, discussing the intersection of technology and social justice.

Upcoming Events

Design Redefined

2023-11-15

A series of sessions exploring various aspects of design and inclusion.

Learn More

Our Programs

iFp Labs

iFp Labs

Introduces students to STEM principles and encourages them to build solutions for a better world.

Learn More
iFp Studios

iFp Studios

A real-projects program that combines art, design, science, technology, and youth voice.

Learn More

MIP Score (Beta)

The MIP Score is in beta! We'd love any feedback you may have.

The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.

Overall Score

43

28

/100

Program Expense Ratio

81.42%

14

/20

Program Revenue Growth

-38.56%

2

/20

Leverage Ratio

0.6184

6

/20

Working Capital Ratio

0.2028

4

/20

Fundraising Efficiency

0

2

/20

Latest Filing Data: Form 990

Fiscal Year:2022

Source:Source: Self-reported by organization

Financial Details

Revenue

CategoryAmountPercentage
Contributions, Gifts, and Grants406.1K89.73%
Program Services46.45K10.27%
Investment Income00.00%
Sales of Non-Inventory Assets00.00%
Other Notable Sources00.00%
Total Revenue452.5K100.00%