Salam Academy Incorporated

Analysis

Salam Academy Incorporated is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in June 2003, 23 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 June 2024, Salam Academy Incorporated reported income of $1.4m and spending of $1.1m, leaving 25% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $591k to $1.4m (+139%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salam Academy Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NM. Charities of a similar size with the same main cause include Ceti ($1.4m), Grace Covenant Academy ($1.4m) and King Academy Community School Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. At year end it held assets of $1.9m against liabilities of $3,533, net assets of $1.9m. It reported 40 employees.