Innovate Academy & Preparatory School Corp is a 501(c)(3) organization based in Eagle, Idaho, registered in 2020, with $2,350,862 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$2.4M
▼ 10.0% vs prior year
Education median: $200K
Expenses (FY2024)
$2.6M
Net assets
-$889K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Innovate Academy & Preparatory School Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Innovate Academy & Preparatory School Corp: 0 mo reserves · -11% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Innovate Academy & Preparatory School Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Innovate Academy & Preparatory School Corp: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $823K (FY2020) to $2.4M (FY2024) across 5 reported years.
Financial snapshot
Operating margin
-11.2%
Spent more than it raised in the latest fiscal year.
Total assets
$2.4M
Total liabilities
$3.3M
Net assets
-$889K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,350,862▼10.0% | $2,614,874▼23.3% | -$888,931▼42.2% | $2,373,688▼7.7% | 990 |
| 2023 | $2,613,225▼14.6% | $3,409,425▲8.2% | -$624,919▼465% | $2,571,763▼13.7% | 990 |
| 2022 | $3,061,252▲65.2% | $3,152,004▲81.2% | $171,281▼34.6% | $2,980,163▲285% | 990 |
| 2021 | $1,853,476▲125% | $1,739,175▲203% | $262,033▲14.0% | $774,238▲141% | 990 |
| 2020 | $823,435 | $573,117 | $229,853 | $321,631 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
3 grants to Innovate Academy & Preparatory School Corp totaling $712K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Central Pennsylvania Scholarship Fund | Charity grant for education | 2024 | $207,500 |
| Central Pennsylvania Scholarship Fund | Charity grant for education | 2023 | $253,000 |
| Central Pennsylvania Scholarship Fund | Charity grant for education | 2022 | $251,450 |
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Data for Innovate Academy & Preparatory School Corp (EIN 84-1751848) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.