First Draft Academy Inc

Analysis

First Draft Academy Inc is a registered charity in United States, based in South Orange, NJ. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Draft Academy Inc reported income of $368k and spending of $354k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $368k (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, First Draft Academy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Rhode Island Strikers FC ($368k), San Jose Police Activities League ($368k) and Palmisano Foundation Inc ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $25k (7.1% of expenses). Other salaries and wages came to $131k. At year end it held assets of $200k against liabilities of $19k, net assets of $181k. It reported 3 employees.