Ivy Bound Academy Charter School

Analysis

Ivy Bound Academy Charter School is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in June 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, Ivy Bound Academy Charter School reported income of $2.5m and spending of $3.0m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $2.5m (-36%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 44%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ivy Bound Academy Charter School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Academic Arts High School ($2.5m), Liceo Ponceno Inc ($2.5m) and Waldorf Parents Association ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $297k (9.8% of expenses). Other salaries and wages came to $888k. At year end it held assets of $7.5m against liabilities of $4.4m, net assets of $3.1m. It reported 38 employees.