Immersion for Spanish Language Acquisition

Analysis

Immersion for Spanish Language Acquisition is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Immersion for Spanish Language Acquisition reported income of $810k and spending of $744k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $352k to $810k (+130%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Immersion for Spanish Language Acquisition sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include American Chemical Society ($810k), Uptown Players Inc ($810k) and Maine Discovery Museum ($809k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $88k (12% of expenses). Other salaries and wages came to $403k. At year end it held assets of $193k against liabilities of $1,593, net assets of $191k. It reported 25 employees.