Innovative Education Partnership Corporation

Analysis

Innovative Education Partnership Corporation is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Innovative Education Partnership Corporation reported income of $6.6m and spending of $6.4m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.5m to $6.6m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 24%. 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, Innovative Education Partnership Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Davis Technical College Foundation Inc ($6.6m), Geo Next Generation High School Inc ($6.6m) and Friends of Growing Up Green Charter School ($6.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $271k (4.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $2.9m against liabilities of $383k, net assets of $2.5m. It reported 140 employees.