Nansemond-Suffolk Academy Association Incorporated

Analysis

Nansemond-Suffolk Academy Association Incorporated is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in July 1968, 58 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 2023, Nansemond-Suffolk Academy Association Incorporated reported income of $18.4m and spending of $18.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.4m to $18.4m (+20%), an average of +4.6% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nansemond-Suffolk Academy Association Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Academics Plus Charter Schools Inc ($18.4m), Plaza de LA Raza Child Development Services Inc ($18.5m) and Grand Concourse Academy Charter School ($18.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $543k (2.9% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $19.7m against liabilities of $7.3m, net assets of $12.3m. It reported 339 employees.