North Alabama Homebuilding Academy Inc

Analysis

North Alabama Homebuilding Academy Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in September 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 September 2023, North Alabama Homebuilding Academy Inc reported income of $463k and spending of $462k, spending 100% of its income. Across the 4 years on record, from December 2020 to September 2023, income grew from $234k to $463k (+98%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Alabama Homebuilding Academy Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within AL. Charities of a similar size with the same main cause include Hannah Project Partnership for Academic Achievement ($463k), Starboard Christian Academy ($463k) and University Village Development Coroporation of Kearney ($463k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $81k (18% of expenses). Other salaries and wages came to $110k. At year end it held assets of $341k against liabilities of $5,868, net assets of $336k. It reported 4 employees.