National Academies of Practice

Analysis

National Academies of Practice is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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, National Academies of Practice reported income of $479k and spending of $487k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $394k to $479k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Academies of Practice 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 70th percentile within KY. Charities of a similar size with the same main cause include Ocean Voyages Institute ($479k), Pleasurable Childcare Center II LLC ($479k) and Northwest Center Inc ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 95% of the total. At year end it held assets of $777k against liabilities of $239k, net assets of $538k.