Nest Academy Rva

Analysis

Nest Academy Rva is a registered charity in United States, based in Manakin Sabot, VA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Nest Academy Rva reported income of $245k and spending of $186k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $245k (+93%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nest Academy Rva sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include The Heart Gallery of New Mexico Foundation ($245k), JSDD Foundation Inc ($245k) and Laredo Life Center ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $84k. At year end it held assets of $263k against liabilities of $7,782, net assets of $255k. It reported 7 employees.