Ivy Academys Skillern Elementary Inc

Analysis

Ivy Academys Skillern Elementary Inc is a registered charity in United States, based in Soddy Daisy, TN. It received its IRS tax-exemption ruling in June 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, Ivy Academys Skillern Elementary Inc reported income of $1.9m and spending of $1.1m, leaving 39% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $305k to $1.9m (+507%), an average of +507% a year. The sharpest change came in the year to June 2023, when income rose by 507%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ivy Academys Skillern Elementary Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Andhra Medical College of North America ($1.9m), Stark High School ($1.9m) and Boston Outdoor Preschool Network Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $67k (5.9% of expenses). Other salaries and wages came to $629k. At year end it held assets of $1.8m against liabilities of $980k, net assets of $826k. It reported 24 employees.