Individual Education Plan Academy

Analysis

Individual Education Plan Academy is a registered charity in United States, based in Kissimmee, FL. It received its IRS tax-exemption ruling in May 2020, 6 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 June 2023, Individual Education Plan Academy reported income of $17.6m and spending of $15.6m, spending 89% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.8m to $17.6m (+876%), an average of +77% a year. The sharpest change came in the year to June 2022, when income rose by 1074%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Individual Education Plan Academy 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 FL. Charities of a similar size with the same main cause include Gainesville Independent School Inc ($17.6m), Winchendon School Inc ($17.6m) and California Virtual Academy at Fresno ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. Other salaries and wages came to $8.0m. At year end it held assets of $7.5m against liabilities of $35k, net assets of $7.5m.