Alchemy Inc

Analysis

Alchemy Inc is a registered charity in United States, based in Copley, OH. It received its IRS tax-exemption ruling in November 2003, 23 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 June 2024, Alchemy Inc reported income of $399k and spending of $443k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $247k to $399k (+62%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 230%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alchemy Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Plant Powered Metro New York Inc ($399k), Aces Youth Home Inc ($399k) and Parkview Center Inc ($399k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $222k (50% of expenses). At year end it held assets of $52k against liabilities of $37k, net assets of $14k. It reported 1 employees.