Iq Academy California-Los Angeles

Analysis

Iq Academy California-Los Angeles is a registered charity in United States, based in Simi Valley, CA. 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 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, Iq Academy California-Los Angeles reported income of $19.8m and spending of $19.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $19.8m (+186%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iq Academy California-Los Angeles 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 97th percentile within CA. Charities of a similar size with the same main cause include Christian Academy of Knoxville Inc ($19.8m), York Academy Regional Charter School ($19.8m) and Ohio Christian University ($19.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $7.8m. At year end it held assets of $9.7m against liabilities of $9.7m, net assets of $0. It reported 108 employees.