Friends of Balanya English Academy

Analysis

Friends of Balanya English Academy is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Balanya English Academy reported income of $168k and spending of $165k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $148k to $168k (+14%), an average of +14% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Balanya English Academy sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within CT. Charities of a similar size with the same main cause include Clipper Petroleum Foundation Inc ($168k), Childrens Reading Alliance ($168k) and Fresh Start Scholarship Foundation Inc ($168k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $5,560 against liabilities of $0, net assets of $5,560.