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DEMOGRAPHIC

ADDRESS
19240 W FAIRVIEW DR
60060
COUNTY
lake county, IL
IN CARE OF NAME
MICHAEL STANCZAK

ORGANIZATIONAL OVERVIEW & RANKINGS

INHERITANCE ACADEMY is a based in MUNDELEIN, IL, focused on Educational Institutions and Related Activities causes , specifically Elementary, Secondary Education, K - 12. Established in August 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $18,798.00, this ranks 658,353 among 2,656,690 nonprofits nationally (Top 25%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 27,808 out of 106,037 organizations in IL (Top 27%).

In lake county, IL, the organization ranks 1,559 out of 4,992 nonprofits by assets (Top 32%), while locally in mundelein, it stands at 35 among 188 organizations (Top 18%).

The organization reported annual revenue of $6,298.00, ranking 600,979 nationally (Top 23%) and 23,874 in IL (Top 23%).

Within its specific NTEE classification (B20 - B: Educational Institutions and Related Activities), which includes 6,864 similar organizations, INHERITANCE ACADEMY ranks 2,975 in assets (Top 44%) and 3,289 in revenue (Top 48%).

The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B20 : Elementary, Secondary Education, K - 12
FOUNDATION CODE
11: School 170(b)(1)(A)(ii)
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
1: $1 to $9,999
INCOME AMOUNT
$6,298.00
FORM 990 REVENUE AMOUNT
$6,298.00
RULING DATE
08/2022
ASSET CODE
2: $10,000 to $24,999
ASSET AMOUNT
$18,798.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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