Nactt Academy for Consumer Bankruptcy Education Inc

Analysis

Nactt Academy for Consumer Bankruptcy Education Inc is a registered charity in United States, based in Hartsville, TN. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nactt Academy for Consumer Bankruptcy Education Inc reported income of $133k and spending of $183k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $181k to $133k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nactt Academy for Consumer Bankruptcy Education Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include Crystal Springs Preschool ($133k), Hudson Falls Library ($133k) and Hill View Montessori Foundation ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 35% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.