Alaaka Association Inc

Analysis

Alaaka Association Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Alaaka Association Inc reported income of $100k and spending of $100k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $100k (+0.0%), an average of +0.0% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alaaka Association Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Marine Corps League Charities Corporation ($100k), Community Solutions Foundation ($100k) and Fish Mending Nets Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.