Innovation Spokane Schools

Analysis

Innovation Spokane Schools is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in June 2014, 12 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 August 2023, Innovation Spokane Schools reported income of $9.1m and spending of $8.6m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.4m to $9.1m (+44%), an average of +9.5% a year. The sharpest change came in the year to August 2022, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovation Spokane Schools sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Rocketship Education Wisconsin Inc ($9.1m), Association of Graduates of the Usafa ($9.1m) and Faith Academy Charter School Inc ($9.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $214k (2.5% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $11.4m against liabilities of $8.9m, net assets of $2.5m. It reported 87 employees.