Innovative Education Management Inc

Analysis

Innovative Education Management Inc is a registered charity in United States, based in Placerville, CA. It received its IRS tax-exemption ruling in July 2001, 25 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 2023, Innovative Education Management Inc reported income of $32.0m and spending of $29.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.9m to $32.0m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovative Education Management Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include University of Maryland Orthopaedic Associates P a ($32.0m), Steele Canyon High School ($32.1m) and Palm Beach Day Academy Inc ($32.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $125k (0.4% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $33.6m against liabilities of $6.5m, net assets of $27.0m. It reported 47 employees.