Allied Community Resources Inc

Analysis

Allied Community Resources Inc is a registered charity in United States, based in Enfield, CT. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Allied Community Resources Inc reported income of $12.8m and spending of $10.8m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $12.8m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Allied Community Resources Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Community Action Opportunities ($12.8m), Safehaven of Tarrant County ($12.8m) and Lakes & Prairies Community Action Partnership Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $114k (1.1% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $40.2m against liabilities of $34.8m, net assets of $5.3m. It reported 120 employees.