Nitroaa

Analysis

Nitroaa is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nitroaa reported income of $70k and spending of $68k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $70k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 269%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nitroaa sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Clear Creek Community School Foundation ($70k), Parent Booster USA Inc ($70k) and King City High School Parent Teacher Organization ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $203k against liabilities of $201k, net assets of $2,475.