Innovative Learning Inc

Analysis

Innovative Learning Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Innovative Learning Inc reported income of $17.4m and spending of $16.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.5m to $17.4m (+20%), an average of +4.6% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovative Learning Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Seaside School Consortium Inc ($17.4m), Alliance for College-Ready Public Schools Facilities Corporation ($17.4m) and Summit Christian Academy ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $217k (1.3% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $22.1m against liabilities of $8.7m, net assets of $13.5m. It reported 236 employees.