Friends of Barack Obama Male Leaderhip Academy

Analysis

Friends of Barack Obama Male Leaderhip Academy is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2013, 13 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 2022, Friends of Barack Obama Male Leaderhip Academy reported income of $120k and spending of $471k, spending 392% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $389k to $120k (-69%), an average of -32% a year. The sharpest change came in the year to June 2022, when income dropped by 66%. 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, Friends of Barack Obama Male Leaderhip Academy sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Northern Music Boosters Inc ($120k), Ohr Nafsheinu Corp ($120k) and Garrison Mill Education Foundation Inc ($120k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (13% of expenses). Other salaries and wages came to $68k. At year end it held assets of $493k against liabilities of $0, net assets of $493k. It reported 3 employees.