Next Generation Academy- Salisbury is a 501(c)(3) organization based in Salisbury, North Carolina, registered in 2022, with $399,439 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$399K
▲ 19.1% vs prior year
Youth median: $163K
Expenses (FY2024)
$360K
Net assets
$136K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Next Generation Academy- Salisbury— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Next Generation Academy- Salisbury: 5 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Next Generation Academy- Salisbury— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Next Generation Academy- Salisbury: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $137K (FY2022) to $399K (FY2024) across 3 reported years.
Financial snapshot
Operating margin
10.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$136K
Total liabilities
$0
Net assets
$136K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $399,439▲19.1% | $359,551▲30.1% | $136,116▲16.5% | $136,116▲16.5% | 990 |
| 2023 | $335,315▲145% | $276,470▲265% | $116,834▲90.9% | $116,834▲86.5% | 990 |
| 2022 | $136,953 | $75,752 | $61,201 | $62,637 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
5 grants to Next Generation Academy- Salisbury totaling $180K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For the Carolinas | Charitable gift | 2024 | $55,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $30,000 |
| Foundation For the Carolinas | Charitable gift | 2023 | $70,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $15,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $10,000 |
Explore more
Data for Next Generation Academy- Salisbury (EIN 86-3993122) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.