Business & Entrepreneurial Learning Academy Inc

Analysis

Business & Entrepreneurial Learning Academy Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Business & Entrepreneurial Learning Academy Inc reported income of $69k and spending of $70k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $69k (+37%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Business & Entrepreneurial Learning Academy Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Alumni Association of the Lahey Clinic Foundation ($69k), Crossroads Global Initiative Inc ($69k) and Gatlinburg Rotary Foundation Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $10k (14% of expenses). At year end it held assets of $132 against liabilities of $0, net assets of $132.