Ivy Academy

Analysis

Ivy Academy is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Ivy Academy reported income of $1.6m and spending of $1.8m, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+39%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 18%. 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, Ivy Academy sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include The Porter Academy Inc ($1.6m), Ministry of Intercession ($1.6m) and Home Builders Foundation of Metropolitan Denver ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $458k (26% of expenses). Other salaries and wages came to $685k. At year end it held assets of $698k against liabilities of $84k, net assets of $614k. It reported 37 employees.