Innovation Science and Technologyy Academy

Analysis

Innovation Science and Technologyy Academy is a registered charity in United States, based in Coon Rapids, MN. It received its IRS tax-exemption ruling in September 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, Innovation Science and Technologyy Academy reported income of $1.2m and spending of $1.2m, spending 106% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.0m to $1.2m (+11%), an average of +5.5% a year. 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, Innovation Science and Technologyy Academy sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Idc Foundation Inc ($1.2m), Rootedgood ($1.2m) and Institute for Reforming Government Inc ($1.2m).

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 $145k (12% of expenses). Other salaries and wages came to $255k. At year end it held assets of $775k against liabilities of $821k, net assets of -$46k. It reported 18 employees.