International Spanish Language Academy

Analysis

International Spanish Language Academy is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, International Spanish Language Academy reported income of $5.1m and spending of $5.6m, spending 108% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $3.4m to $5.1m (+49%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International Spanish Language Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Ubah Medical Academy ($5.1m), Memphis Grizzlies Preparatory Charter School Inc ($5.1m) and Sustainable Economies Law Center ($5.1m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $289k (5.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.1m against liabilities of $4.2m, net assets of -$1.1m. It reported 61 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.