The Innovation Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 50,000 | 70,245 | −20,245 | 7.4 | 0% |
| 2016 | 2,894,145 | 2,667,205 | 226,940 | 1.2 | 61% |
| 2017 | 4,123,203 | 3,401,432 | 721,771 | 3.5 | 52% |
| 2018 | 4,519,119 | 4,079,673 | 439,446 | 4.2 | 52% |
| 2019 | 4,314,038 | 4,365,331 | −51,293 | 3.8 | 50% |
| 2020 | 4,355,623 | 4,798,587 | −442,964 | 2.3 | 50% |
| 2021 | 5,143,753 | 4,482,304 | 661,449 | 4.3 | 65% |
| 2022 | 5,375,258 | 4,664,213 | 711,045 | 5.9 | 56% |
| 2023 | 5,810,336 | 5,142,587 | 667,749 | 6.9 | 55% |
| 2024 | 6,871,705 | 6,023,343 | 848,362 | 7.5 | 55% |
In its most recent public year (2024), this organization brought in $848,362 more than it spent. Its reserves stood at about 7.5 months of spending. Staff pay was 55% of spending. $667,039 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
The Innovation Academy Inc's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works