Innovation Education

Analysis

Innovation Education is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in October 2015, 11 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 June 2024, Innovation Education reported income of $1.3m and spending of $1.1m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $543k to $1.3m (+142%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 233%. 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 Education sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Oral Educational Opportunities for the Hearing Impaired ($1.3m), Tennessee Chapter of the American Academy of Pediatrics Inc ($1.3m) and Elsie Allen High School Foundation ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $152k (14% of expenses). Other salaries and wages came to $540k. At year end it held assets of $474k against liabilities of $0, net assets of $474k. It reported 102 employees.