Intensive Education Academy Inc

Analysis

Intensive Education Academy Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in August 1983, 43 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Intensive Education Academy Inc reported income of $7.9m and spending of $6.4m, spending 82% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.7m to $7.9m (+38%), an average of +8.3% a year. The sharpest change came in the year to August 2023, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Intensive Education Academy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include House of Hope ($7.9m), NCSL Foundation for State Legislatures ($7.9m) and The Foundation for Jones Hall ($7.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.3% and program service revenue 75% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $10.9m against liabilities of $294k, net assets of $10.6m. It reported 103 employees.