Texas Arabic Academy Inc

Analysis

Texas Arabic Academy Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Texas Arabic Academy Inc reported income of $101k and spending of $82k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $101k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Arabic Academy Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Wana Duma Childrens Project ($101k), Heartland Lutheran High School Foundation ($101k) and Made in Santa Rosa Education Foundation ($101k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k. It reported 3 employees.