New Geneva Academy Inc

Analysis

New Geneva Academy Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in March 2020, 6 years ago. 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, New Geneva Academy Inc reported income of $187k and spending of $132k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $72k to $187k (+158%), an average of +61% a year. The sharpest change came in the year to December 2022, when income dropped by 610%. Over the whole period it spent -321% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Geneva Academy Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Brighton Neighborhood Assoc Inc ($187k), Harrisburg Christian Performing Arts Center ($187k) and Slice of Heaven Educational Farm ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $84k (64% of expenses). Other salaries and wages came to $9,080. At year end it held assets of $153k against liabilities of $650, net assets of $153k. It reported 15 employees.