Ivy Academy Inc

Analysis

Ivy Academy Inc is a registered charity in United States, based in Soddy Daisy, TN. It received its IRS tax-exemption ruling in October 2008, 18 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 Academy Inc reported income of $6.1m and spending of $5.3m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $6.1m (+91%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ivy Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Fountainhead Inc ($6.1m), Pathfinder Charter Foundation ($6.1m) and Archway Classical Academy Chandler ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $87k (1.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $8.8m against liabilities of $5.9m, net assets of $2.9m. It reported 114 employees.