Large Asset Reserves
CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. Innocence Project's letter grade rating has been downgraded because it has 3 or more years of available assets.
See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.
Website
Ratings & Metrics
Financial Documents
| Entity | Document Type | Tax ID |
|---|---|---|
| The Innocence Project, Inc. | Audited Financial Statements | 32-0077563 |
| The Innocence Project, Inc. | IRS Form 990 | 32-0077563 |
|
Entity: The Innocence Project, Inc. Document Type: Audited Financial Statements Tax ID: 32-0077563 |
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Entity: The Innocence Project, Inc. Document Type: IRS Form 990 Tax ID: 32-0077563 |
Governance & Transparency
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Christina Swarns | Executive Director | $492,700 |
| 2 | Bhavandeep Sodhi | Chief Program Officer | $307,100 |
| 3 | Joseph Thompson | Chief Financial Officer | $305,901 |
|
1 Name: Christina Swarns Title: Executive Director Compensation: $492,700 |
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2 Name: Bhavandeep Sodhi Title: Chief Program Officer Compensation: $307,100 |
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3 Name: Joseph Thompson Title: Chief Financial Officer Compensation: $305,901 |
Analysts' Notes
According to The Innocence Project audit of June 30, 2025 (Note 9, Donated Services), Innocence Project reports receiving in-kind donated services in fiscal 2025 on which it placed a total value of $31,255,270. "...Donated services can vary greatly from year to year depending on the type of projects that The Innocence Project takes on and whether they are done in-house or out-of-house, largely by law firms working pro-bono..." [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |