Grande Innovation Academy

Analysis

Grande Innovation Academy is a registered charity in United States, based in Casa Grande, AZ. It received its IRS tax-exemption ruling in November 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, Grande Innovation Academy reported income of $9.8m and spending of $8.5m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $9.8m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grande Innovation Academy 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 94th percentile within AZ. Charities of a similar size with the same main cause include Hollydell Inc ($9.8m), Snohomish County Workforce Development Council ($9.8m) and Progress in Education Inc ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $189k (2.2% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $18.1m against liabilities of $15.5m, net assets of $2.6m. It reported 146 employees.