Near Eastside Innovation School Corp

Analysis

Near Eastside Innovation School Corp is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2017, 9 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, Near Eastside Innovation School Corp reported income of $5.7m and spending of $5.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $5.7m (+66%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Near Eastside Innovation School Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include FC Cornerstone Christian Academy ($5.7m), Eastland Preparatory Academy ($5.7m) and Rainier Prep ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $492k (8.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $2.1m against liabilities of $591k, net assets of $1.5m. It reported 52 employees.