Kvanli Academy Inc

Analysis

Kvanli Academy Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 1984, 42 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 May 2023, Kvanli Academy Inc reported income of $2.8m and spending of $2.8m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.4m to $2.8m (+20%), an average of +4.6% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kvanli Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include North Bay Fire ($2.8m), Golden Spike Inc ($2.8m) and Morningside Academy ($2.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $122k (4.4% of expenses). Other salaries and wages came to $1.6m. It paid $6,140 in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $210k, net assets of $1.4m. It reported 50 employees.