Nlaabc

Analysis

Nlaabc is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nlaabc reported income of $1.6m and spending of $2.4m, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $82k to $1.6m (+1840%), an average of +110% a year. The sharpest change came in the year to June 2020, when income rose by 2077%. Over the whole period it spent 194% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nlaabc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include St John Neumann Academy ($1.6m), Caring Hearts and Hands of Hope Inc ($1.6m) and Arrow Academy of Excellence ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $27.9m against liabilities of $33.3m, net assets of -$5.4m.

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.