North American Innovation Academy

Analysis

North American Innovation Academy is a registered charity in United States, based in Mukilteo, WA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North American Innovation Academy reported income of $682k and spending of $147k, leaving 78% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $988k to $682k (-31%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 41916%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North American Innovation Academy 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 75th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include San Diego Hua Xia Chinese School Incorporation ($681k), Green Free Library ($682k) and Westlawn School Inc ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.