Alfalah Academy Inc

Analysis

Alfalah Academy Inc is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in October 2010, 16 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 2023, Alfalah Academy Inc reported income of $4.7m and spending of $3.6m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $4.7m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alfalah Academy Inc 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 93rd percentile within GA. Charities of a similar size with the same main cause include Leadership Academy of Utah ($4.7m), Childs Garden School Inc ($4.7m) and Ieducate USA ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $7.0m against liabilities of $2.4m, net assets of $4.5m. It reported 93 employees.