Ilm Academy Inc

Analysis

Ilm Academy Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in July 2009, 17 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 July 2023, Ilm Academy Inc reported income of $2.6m and spending of $2.4m, spending 93% of its income. Across the 4 years on record, from July 2019 to July 2023, income grew from $2.1m to $2.6m (+22%), an average of +7.0% a year. The sharpest change came in the year to July 2022, when income rose by 69%. 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, Ilm Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include St Georges Episcopal School Inc ($2.6m), Victory Christian Academy ($2.6m) and Educational Pathways Inc ($2.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $1.1m, net assets of $2.2m. It reported 54 employees.