Noorthoek Academy

Analysis

Noorthoek Academy is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Noorthoek Academy reported income of $134k and spending of $137k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $277k to $134k (-52%), an average of -17% a year. The sharpest change came in the year to June 2022, when income dropped by 52%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Noorthoek Academy 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 MI. Charities of a similar size with the same main cause include Arizona Nursery Association Foundation ($134k), Keshi Foundation Inc ($134k) and Vestavia Hills Parent Teacher Organization Inc ($134k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $104k (75% of expenses). Other salaries and wages came to $6,854. It paid $5,836 in professional fundraising fees. At year end it held assets of $622k against liabilities of $314, net assets of $622k. It reported 5 employees.