National Talent Academy Inc

Analysis

National Talent Academy Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in January 2021, 5 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 2024, National Talent Academy Inc reported income of $3.8m and spending of $2.3m, leaving 40% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $1.2m to $3.8m (+220%), an average of +47% a year. The sharpest change came in the year to June 2024, when income rose by 170%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Talent Academy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within PR. Charities of a similar size with the same main cause include Partnership for Children of Lincoln -Gaston Counties Inc ($3.8m), Aspen Public Education Fund ($3.8m) and Collegiate Hall Inc ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 39% of the total. Compensation of current officers, directors and key employees was $56k (2.5% of expenses). Other salaries and wages came to $45k. At year end it held assets of $1.7m against liabilities of $138k, net assets of $1.6m. It reported 20 employees.