Next Generation Academics Inc

Analysis

Next Generation Academics Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in August 2015, 11 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 December 2023, Next Generation Academics Inc reported income of $493k and spending of $418k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $220k to $493k (+124%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Next Generation Academics Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Oct Water Quality Academy ($493k), Aesthetics Institute ($493k) and Awhs Falcon Foundation ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $64k (15% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 12 employees.