Ivy Tech Charter School

Analysis

Ivy Tech Charter School is a registered charity in United States, based in Moorpark, CA. It received its IRS tax-exemption ruling in August 2010, 16 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 Tech Charter School reported income of $2.8m and spending of $2.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.8m (+68%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ivy Tech Charter School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Career Technical Education Foundation Sonoma County ($2.8m), Witherspoon Institute Inc ($2.8m) and Operation Spark ($2.8m).

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 $419k (17% of expenses). Other salaries and wages came to $588k. At year end it held assets of $3.8m against liabilities of $1.0m, net assets of $2.8m.