Northstar Academy Inc

Analysis

Northstar Academy Inc is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in January 1998, 28 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, Northstar Academy Inc reported income of $6.8m and spending of $4.4m, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $6.8m (+83%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northstar Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Eastern Kansas Christian Schools ($6.8m), Utah County Academy of Sciences ($6.8m) and Bethany Community Middle School Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $136k (3.1% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $17.3m against liabilities of $3.5m, net assets of $13.8m. It reported 74 employees.