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AMAL ACADEMY INC
New York, NY · EIN 463815251 · Form 990 · FY2024 · NTEE J99 · Employment · Small ($100K-$1M)
revenue
$150K
expenses
$377K
net assets
$686K
employees
1
volunteers
2
program ratio
100%
mission · from form 990

TO HELP LOW INCOME STUDENTS REACH THEIR PROFESSIONAL DREAMS BY DEVELOPING THEIR BUSINESS SKILLS

profile · synthesized from sources

Amal Academy Inc is a New York-based nonprofit focused on helping low-income students achieve professional success by developing business skills. The organization targets underserved youth and provides them with training and resources to advance economically. Its mission centers on employment readiness and entrepreneurship education.

named programs · 1 · from sources

What they call their work

Business Skills Development Program
Curriculum-based training program designed to equip low-income students with foundational business and entrepreneurial skills
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$150K
Contributions & grants$150K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$377K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$40K
Grants paid out$337K
Largest expense lineCompensation
balance sheet
Total assets$686K
Cash$652K
Investments$0
Liabilities$100
Net assets$686K
Liquid reserves20.8 mo
6 years on record · 2019–2024
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
BENJAMIN WILLIAMS III CEO 20 $74K
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Skills-Based Economic Empowerment
    methodology: skills_based_economic_empowerment
    By developing business skills in low-income students, the organization produces professional success, because these skills increase employability, entrepreneurial capacity, and economic self-sufficiency.