North Star Academy Foundation Inc

Analysis

North Star Academy Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, North Star Academy Foundation Inc reported income of $12.7m and spending of $12.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $12.7m (+22%), an average of +5.0% a year. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Star Academy Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Nova Academy ($12.7m), Cove School Inc ($12.7m) and Literacy Leadership Technology Academy ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 88% of the total. At year end it held assets of $171.7m against liabilities of $177.8m, net assets of -$6.1m.