Almadina Academy

Analysis

Almadina Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 2020, 6 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 December 2023, Almadina Academy reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.5m to $1.1m (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Almadina Academy sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Policy Academies ($1.1m), Encinitas Educational Foundation ($1.1m) and Boys & Girls Club of Syracuse ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $74k (6.4% of expenses). Other salaries and wages came to $514k. At year end it held assets of $251k against liabilities of $192k, net assets of $60k. It reported 36 employees.