Netherwood Academy Inc

Analysis

Netherwood Academy Inc is a registered charity in United States, based in Plainfield, NJ. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Netherwood Academy Inc reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $402k to $1.3m (+226%), an average of +226% a year. The sharpest change came in the year to December 2022, when income rose by 226%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Netherwood Academy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Park Slope Schoolhouse Inc ($1.3m), Sexual Violence Law Center ($1.3m) and New Day Services Inc ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (6.2% of expenses). Other salaries and wages came to $429k. At year end it held assets of $115k against liabilities of $900, net assets of $114k.