Idea Public Schools Louisiana Inc

Analysis

Idea Public Schools Louisiana Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in November 2017, 9 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, Idea Public Schools Louisiana Inc reported income of $43.5m and spending of $40.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.6m to $43.5m (+220%), an average of +34% a year. The sharpest change came in the year to June 2020, when income rose by 48%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Idea Public Schools Louisiana Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Ferrum College ($43.5m), Reinhardt University ($43.6m) and Lakeland University Inc ($43.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41.7m against liabilities of $37.7m, net assets of $4.0m.