Innovation Charter School Inc

Analysis

Innovation Charter School Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in April 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, Innovation Charter School Inc reported income of $5.0m and spending of $4.9m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.4m to $5.0m (+14%), an average of +4.5% a year. 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, Innovation Charter School Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Benchmark School Inc ($5.0m), Communities in Schools of the Coastal Bend ($5.0m) and Iowa Medical Education Collaborative ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $92k (1.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $2.2m against liabilities of $215k, net assets of $1.9m. It reported 90 employees.