National Career Academy Coalition Inc

Analysis

National Career Academy Coalition Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, National Career Academy Coalition Inc reported income of $2.1m and spending of $1.4m, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $862k to $2.1m (+146%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 146%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Career Academy Coalition Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($2.1m), Texarkana Resources for the Disabled Inc ($2.1m) and Kultivate Labs ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $108k (7.9% of expenses). Other salaries and wages came to $62k. At year end it held assets of $2.0m against liabilities of $665k, net assets of $1.3m. It reported 1 employees.