Neuromatch Academy Inc

Analysis

Neuromatch Academy Inc is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Neuromatch Academy Inc reported income of $1.1m and spending of $905k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $386k to $1.1m (+175%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neuromatch Academy Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Spirit Academy ($1.1m), Garrett Christian Academy Inc ($1.1m) and Tammy Embrys Play School Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $258k (28% of expenses). Other salaries and wages came to $153k. At year end it held assets of $546k against liabilities of $3,734, net assets of $543k. It reported 2 employees.