Innovation Academy Ptso Inc

Analysis

Innovation Academy Ptso Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Innovation Academy Ptso Inc reported income of $120k and spending of $96k, spending 80% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $146k to $120k (-18%), an average of -18% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovation Academy Ptso Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within GA. Charities of a similar size with the same main cause include Madison Ptsa 6 15 425 ($120k), Hagamoslo ($120k) and Pipefitters Local Union 120 Scholarship Fund ($120k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $59k against liabilities of $32k, net assets of $27k.