Alleghenny Council to Improve Out Neighborhoods-Housing Inc

Analysis

Alleghenny Council to Improve Out Neighborhoods-Housing Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1957, 69 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Alleghenny Council to Improve Out Neighborhoods-Housing Inc reported income of $140k and spending of $737k, spending 527% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $959k to $140k (-85%), an average of -47% a year. The sharpest change came in the year to June 2022, when income rose by 383%. Over the whole period it spent 146% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alleghenny Council to Improve Out Neighborhoods-Housing Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Lorain Growth Corporation ($140k), Janesville Innovation Inc ($140k) and Hirshberg Entrepreneurship Institute ($140k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 261% of the total. At year end it held assets of $5.0m against liabilities of $634k, net assets of $4.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.