Alliance for Community Empowerment Inc

Analysis

Alliance for Community Empowerment Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in January 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Alliance for Community Empowerment Inc reported income of $33.7m and spending of $32.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.5m to $33.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2022, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alliance for Community Empowerment Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Seiu Healthcare Northwest Training Partnership ($33.6m), Ursuline College ($33.7m) and Cincinnati Hills Christian Academy Inc ($33.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $418k (1.3% of expenses). Other salaries and wages came to $12.8m. At year end it held assets of $20.3m against liabilities of $11.6m, net assets of $8.6m. It reported 629 employees.