Ingenium Schools

Analysis

Ingenium Schools is a registered charity in United States, based in Chino Hills, CA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Ingenium Schools reported income of $23.8m and spending of $21.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.2m to $23.8m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ingenium Schools sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include San Francisco Bay University Inc ($23.7m), Brooklyn Laboratory Charter Schools ($23.8m) and Pierpont Morgan Library ($23.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $172k (0.8% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $15.9m against liabilities of $6.4m, net assets of $9.5m. It reported 199 employees.