American Innovation University

Analysis

American Innovation University is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 1999, 27 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 December 2023, American Innovation University reported income of $253k and spending of $2.1m, spending 816% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $253k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 2668%. Over the whole period it spent 180% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Innovation University sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Panther Creek Band Boosters ($253k), Pearland Isd Education Foundation ($253k) and The Arlington Foundation for Excellence in Education ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $167k (8.1% of expenses). Other salaries and wages came to $58k. At year end it held assets of $39.6m against liabilities of $17k, net assets of $39.6m. It reported 7 employees.