Invictus Academy Inc

Analysis

Invictus Academy Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in May 2018, 8 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, Invictus Academy Inc reported income of $5.0m and spending of $4.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $5.0m (+229%), an average of +35% a year. The sharpest change came in the year to June 2020, when income rose by 52%. 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, Invictus Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include RGR Industries Inc ($5.0m), Pine Cobble School Inc ($5.0m) and Rapid City Christian Education Association Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $166k (3.4% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $2.6m against liabilities of $1.5m, net assets of $1.2m. It reported 60 employees.