Friends of the Language Academy Inc

Analysis

Friends of the Language Academy Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of the Language Academy Inc reported income of $102k and spending of $86k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $81k to $102k (+25%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Language Academy Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Foundation of Shallowford Falls Inc ($102k), The Steam Generation Inc ($102k) and Beefmaster Educational Endowment Foundation ($102k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 27% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.