Innovation Charter High School

Analysis

Innovation Charter High School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 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, Innovation Charter High School reported income of $10.3m and spending of $10.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $10.3m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovation Charter High School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Summit Learning Center ($10.3m), Morrison Education Group Inc ($10.3m) and Redwood Christian Schools ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $692k (6.9% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $5.8m against liabilities of $734k, net assets of $5.1m. It reported 97 employees.