Interactive Academy Inc

Analysis

Interactive Academy Inc is a registered charity in United States, based in Zionsville, IN. It received its IRS tax-exemption ruling in April 2001, 25 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, Interactive Academy Inc reported income of $7.5m and spending of $6.0m, leaving 20% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.8m to $7.5m (+56%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Interactive Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Discovery World Ltd ($7.5m), RR Christian Academy ($7.5m) and Project Success-Students Undertaking Creative Control ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $537k (9.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $18.3m against liabilities of $8.5m, net assets of $9.7m. It reported 188 employees.