New Generation Academy

Analysis

New Generation Academy is a registered charity in United States, based in Fayetteville, GA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, New Generation Academy reported income of $264k and spending of $237k, spending 90% of its income. Across the 3 years on record, from July 2021 to July 2023, income grew from $227k to $264k (+17%), an average of +8.0% a year. The sharpest change came in the year to July 2023, when income rose by 49%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Generation Academy sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within GA. Charities of a similar size with the same main cause include Jewels Academy ($264k), Health Occupations Students of America ($264k) and East Burke School Inc ($264k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $80k (34% of expenses). At year end it held assets of $83k against liabilities of $0, net assets of $83k.