Institute of Academic Excellence

Analysis

Institute of Academic Excellence is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 2007, 19 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, Institute of Academic Excellence reported income of $8.1m and spending of $7.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $8.1m (+20%), an average of +4.6% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute of Academic Excellence sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Circle of Seasons Inc ($8.1m), Child Avocates of Blair County Inc ($8.1m) and Kansas University Alumni Association ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $377k (4.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $7.0m against liabilities of $732k, net assets of $6.3m. It reported 95 employees.