Innova Girls Academy Charter School

Analysis

Innova Girls Academy Charter School is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in November 2022, 4 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 2024, Innova Girls Academy Charter School reported income of $2.3m and spending of $1.8m, leaving 21% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $481k to $2.3m (+379%), an average of +379% a year. The sharpest change came in the year to June 2024, when income rose by 379%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innova Girls Academy Charter School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Michigan Montessori Intenationale Inc ($2.3m), The One Room School House Project Inc ($2.3m) and Grove City Christian Academy ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $202k (11% of expenses). Other salaries and wages came to $919k. At year end it held assets of $1.5m against liabilities of $753k, net assets of $728k. It reported 18 employees.