Alim Academy Inc

Analysis

Alim Academy Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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 2024, Alim Academy Inc reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $541k to $1.2m (+128%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alim Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Iaa Foundation ($1.2m), Habitat for Humanity International ($1.2m) and Holy Family Academy Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $49k (4.1% of expenses). Other salaries and wages came to $712k. At year end it held assets of $444k against liabilities of $17k, net assets of $427k. It reported 46 employees.