Nettles Academy

Analysis

Nettles Academy is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Nettles Academy reported income of $711k and spending of $629k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $711k (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nettles Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within LA. Charities of a similar size with the same main cause include Capital City Pride Des Moines ($711k), Out of a Jam Inc ($711k) and Choices for Women Resource Center of Jefferson County ($711k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $67k (11% of expenses). Other salaries and wages came to $244k. At year end it held assets of $436k against liabilities of $0, net assets of $436k. It reported 13 employees.