NBN Sports Academy Inc

Analysis

NBN Sports Academy Inc is a registered charity in United States, based in New Castle, DE. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, NBN Sports Academy Inc reported income of $52k and spending of $178k, spending 345% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $52k (-95%), an average of -95% a year. The sharpest change came in the year to December 2023, when income dropped by 95%. Over the whole period it spent 29% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, NBN Sports Academy Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within DE. Charities of a similar size with the same main cause include Ridgewood Barracuda Swim Club ($52k), Virginia Baseball Coaches Association ($52k) and Rocky Bottom Retreats & Conference Center of the Blind ($52k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $821k against liabilities of $0, net assets of $821k.