The Nest Academy Inc

Analysis

The Nest Academy Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2017, 9 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 December 2023, The Nest Academy Inc reported income of $788k and spending of $799k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $427k to $788k (+84%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Nest Academy Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Lagond Music School Inc ($788k), Teton Music School ($788k) and Arbor Learning Community ($788k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (10% of expenses). Other salaries and wages came to $229k. At year end it held assets of $787k against liabilities of $5,489, net assets of $781k. It reported 11 employees.