Northwest Florida Academy Inc

Analysis

Northwest Florida Academy Inc is a registered charity in United States, based in Lynn Haven, FL. It received its IRS tax-exemption ruling in February 2019, 7 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, Northwest Florida Academy Inc reported income of $225k and spending of $234k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $275k to $225k (-18%), an average of -9.7% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northwest Florida Academy Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Exective Forum ($225k), Homeschoolers United in the Big Bend Incorporated ($225k) and Sachse High School Band Booster Club ($225k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $52k (22% of expenses). Other salaries and wages came to $31k. At year end it held assets of $1,493 against liabilities of $1,268, net assets of $225. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.