Independent School Alliance for Minority Affairs

Analysis

Independent School Alliance for Minority Affairs is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in September 1985, 41 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 June 2023, Independent School Alliance for Minority Affairs reported income of $874k and spending of $902k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $902k to $874k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent School Alliance for Minority Affairs sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Muscatine Community College Foundation ($874k), Monarch Academy Baltimore Campus Inc ($874k) and Women Doing Well Inc ($874k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $94k (10% of expenses). Other salaries and wages came to $304k. At year end it held assets of $807k against liabilities of $104k, net assets of $703k. It reported 7 employees.