Al-Falaq Academy Inc

Analysis

Al-Falaq Academy Inc is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in October 1994, 32 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 February 2024, Al-Falaq Academy Inc reported income of $1.3m and spending of $1.2m, spending 93% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $899k to $1.3m (+42%), an average of +9.2% a year. The sharpest change came in the year to February 2022, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Al-Falaq Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Association of Marshall Scholars Inc ($1.3m), Agassiz Village Founded by Mr & Mrs Harry E Burroughs ($1.3m) and St James Manor ($1.3m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $541k. At year end it held assets of $648k against liabilities of $262k, net assets of $386k. It reported 7 employees.