Innovation Academy

Analysis

Innovation Academy is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Innovation Academy reported income of $803k and spending of $675k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $593k to $803k (+35%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovation Academy sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NV. Charities of a similar size with the same main cause include Solano Christian Academy ($803k), Voiceoforangecountyorg ($803k) and Studentnest Foundation ($803k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $120k (18% of expenses). Other salaries and wages came to $154k. At year end it held assets of $365k against liabilities of $0, net assets of $365k.