Innovations Educational Services Inc

Analysis

Innovations Educational Services Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in December 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, Innovations Educational Services Inc reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.1m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2020, 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, Innovations Educational Services Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Reid Traditional Schools Inc ($2.1m), Jobs for Americas Graduates Missouri Inc ($2.1m) and Ust Realty Company ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $218k (10% of expenses). Other salaries and wages came to $772k. At year end it held assets of $1.7m against liabilities of $257k, net assets of $1.4m.