East Bay Innovation Academy

Analysis

East Bay Innovation Academy is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, East Bay Innovation Academy reported income of $8.5m and spending of $8.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $8.5m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Bay Innovation Academy sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Catholic Community Services Foundation ($8.5m), Ecotrust ($8.5m) and Clairbourn School ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $34k (0.4% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $3.3m against liabilities of $1.2m, net assets of $2.1m. It reported 68 employees.