Blessings Learning Academy of Alamo Texas Inc

Analysis

Blessings Learning Academy of Alamo Texas Inc is a registered charity in United States, based in Alamo, TX. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Blessings Learning Academy of Alamo Texas Inc reported income of $602k and spending of $426k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $602k (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blessings Learning Academy of Alamo Texas Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include H E L P Services of Carroll County ($602k), Blanchet Community Foundation ($602k) and Feast Inc ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $106k (25% of expenses). Other salaries and wages came to $164k. At year end it held assets of $974k against liabilities of $153k, net assets of $822k. It reported 17 employees.