National Academy of Needlearts Inc

Analysis

National Academy of Needlearts Inc is a registered charity in United States, based in New Franklin, OH. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 May 2024, National Academy of Needlearts Inc reported income of $58k and spending of $65k, spending 111% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income fell from $67k to $58k (-13%), an average of -13% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Academy of Needlearts Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within OH. Charities of a similar size with the same main cause include Kenneth Phillips Ministries Inc ($58k), Community Outreach & Resource Development Ministries ($58k) and Bank High School Alumni Foundation Inc ($58k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 13% and program service revenue 77% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.