Ivy Hall Academy of Provo

Analysis

Ivy Hall Academy of Provo is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in November 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ivy Hall Academy of Provo reported income of $2.0m and spending of $2.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $631k to $2.0m (+222%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 188%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ivy Hall Academy of Provo sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within UT. Charities of a similar size with the same main cause include Disability Rights Idaho Inc ($2.0m), Georgia State Soccer Association Inc ($2.0m) and Homeward Bound Pets Humane Society ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $6,767 (0.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.4m against liabilities of $5.5m, net assets of $916k. It reported 56 employees.