Allegiance Academy Inc

Analysis

Allegiance Academy Inc is a registered charity in United States, based in Euless, TX. It received its IRS tax-exemption ruling in July 2022, 4 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, Allegiance Academy Inc reported income of $2.3m and spending of $2.2m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.2m to $2.3m (+92%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allegiance Academy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Mesivta Kesser Torah of Baltimore Inc ($2.3m), The Lighthouse School ($2.3m) and Ignite Achievement Academy ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $750k against liabilities of $4,553, net assets of $746k.