Northwestern Academy of Homeopathy Incorporated

Analysis

Northwestern Academy of Homeopathy Incorporated is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in March 2004, 22 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 2024, Northwestern Academy of Homeopathy Incorporated reported income of $234k and spending of $258k, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $338k to $234k (-31%), an average of -7.0% a year. The sharpest change came in the year to June 2024, when income rose by 28%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northwestern Academy of Homeopathy Incorporated sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Norwood Cooperative Nursery School Inc ($234k), Hickory Band Parents Association ($235k) and Larry S Rosen Memorial Foundation Inc ($234k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.7% and program service revenue 74% of the total. Other salaries and wages came to $56k. At year end it held assets of $26k against liabilities of $49k, net assets of -$22k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.