Innovative Education Services Inc

Analysis

Innovative Education Services Inc is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in June 2015, 11 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, Innovative Education Services Inc reported income of $7.0m and spending of $6.9m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.6m to $7.0m (+26%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovative Education Services Inc 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 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include New Jersey City University Foundation Inc ($7.0m), Synergy School of Tomorrow Inc ($7.0m) and Creative Childrens Academy ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $5.4m. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $637k. It reported 177 employees.