Al-Rasheed Academy

EIN: 461945172 501(c)(3) Education

Orchard Park, NY

Total Revenue
$1,134,517
Total Expenses
$1,126,321
Total Assets
$29,527
Net Assets
$29,527
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
Anwar Al-Kalai
Phone
7168220440
Tax Period
2024-08-01 to 2025-07-31

Al-Rasheed Academy, founded in 2012, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Al-Rasheed Academy will provide each student with a safe, healthy, nurturing Islamic learning environment facilitated by skilled,creative and highly motivated professionals who promote lifelong learning.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,134,517
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,134,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $999,847
Fundraising Expenses $0
Program Expenses $1,024,652
Other Expenses $126,474
TOTAL EXPENSES $1,126,321

Year-over-Year Comparison

2024 2023 Change
Revenue $1,134,517 $1,023,567 +0.1%
Expenses $1,126,321 $1,037,380 +0.1%
Net Income $8,196 $-13,813 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
55
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anwar Al-Kalai Chairman 40.00
Officer Key Emp
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,134,517 $1,126,321 $29,527 $8,196
2024 $1,023,567 $1,037,380 $21,331 $-13,813
2023 $974,906 $865,728 $45,058 $109,178
2022 $609,638 $606,270 $25,966 $3,368
2021 $376,428 $440,605 $22,598 $-64,177
2018 $444,365 $455,902 $26,637 $-11,537
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