Innovative Quality Schools

Analysis

Innovative Quality Schools is a registered charity in United States, based in Hutchinson, MN. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Innovative Quality Schools reported income of $649k and spending of $623k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $455k to $649k (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovative Quality Schools sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Hand in Hand USA ($649k), Traverse City West Titan Athletic Boosters ($649k) and Fred T Korematsu Institute ($649k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $358k against liabilities of $17k, net assets of $342k.