Texas Language Learning Alternative Corporation I

Analysis

Texas Language Learning Alternative Corporation I is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 1991, 35 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 July 2023, Texas Language Learning Alternative Corporation I reported income of $1.6m and spending of $1.6m, spending 96% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $1.2m to $1.6m (+35%), an average of +11% a year. The sharpest change came in the year to July 2022, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Language Learning Alternative Corporation I 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 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include The Sheriffs Relief Foundation ($1.6m), International Evangelism Association ($1.6m) and Bible League Foundation ($1.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 9.3% and program service revenue 87% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.4m against liabilities of $395k, net assets of $2.0m. It reported 64 employees.