I3 Academy
I3 Academy reported $20.2 million in revenue and $18.4 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $88.00 went to program services, $12.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 78.6% of the total. Government grants made up 67.2%. The highest compensation it reported for one person was $179,920 (HEAD OF SCHOOL). 7 people received more than $100,000 in reportable compensation. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $18MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 78.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 67.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $179,920 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.98% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 7 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL Officer, 40.00 hrs/week | $150,453 | $0 | $29,467 | $179,920 |
| PRINCIPAL Officer, 40.00 hrs/week | $143,705 | $0 | $28,891 | $172,596 |
| DIRECTOR OF STUDENT SERVICES Highest compensated employee, 40.00 hrs/week | $114,583 | $0 | $24,768 | $139,351 |
| DIRECTOR OF OPERATIONS Highest compensated employee, 40.00 hrs/week | $113,090 | $0 | $24,253 | $137,343 |
| LITERACY COACH Highest compensated employee, 40.00 hrs/week | $108,058 | $0 | $22,290 | $130,348 |
| TEACHER Highest compensated employee, 40.00 hrs/week | $101,399 | $0 | $21,789 | $123,188 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $113,176 | $0 | $0 | $113,176 |
| CHIEF ACADEMIC OFFICER Officer, 40.00 hrs/week | $24,809 | $0 | $5,162 | $29,971 |
7 people received more than $100,000 in reportable compensation from I3 Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).
3 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5192
Private foundation grants it received
10 private foundations reported grants to I3 Academy totaling $748K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from I3 Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for I3 Academy, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 I3 Academy spent in FY2025, $88.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Prescott CollegePrescott, AZ · revenue $20M · programs 80.4% · FY2025
- The Alfred and Adele Davis AcademyAtlanta, GA · revenue $20M · programs 81.5% · FY2025
- Dane County Parent CouncilMadison, WI · revenue $20M · programs 95.2% · 2024
- Nyos Charter SchoolAustin, TX · revenue $20M · programs 88.0% · FY2025
- Options for Youth - Victor ValleyPasadena, CA · revenue $20M · programs 89.0% · FY2025
Questions people ask
How much of I3 Academy's spending goes to programs?
In the fiscal year ending September 30, 2025, I3 Academy reported that 88.0% of its $18.4 million in expenses went to program services, 12.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does I3 Academy pay its top executive?
The largest total compensation I3 Academy reported for one person in the fiscal year ending September 30, 2025 was $179,920, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does I3 Academy get its money?
Of $20.2 million in revenue in the fiscal year ending September 30, 2025, 78.6% came from contributions and grants (including 67.2% from government grants) and 0.4% from program service revenue (Form 990, Part VIII).
Is I3 Academy a registered charity?
The IRS lists EIN 83-1049224 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2021, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202622199349301382 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202522279349303602 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202332279349302438 · read the filing
All filings for EIN 83-1049224: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.