Aldea Advancing Local Development Thur Empowerment and Action Inc

Analysis

Aldea Advancing Local Development Thur Empowerment and Action Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1968, 58 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Aldea Advancing Local Development Thur Empowerment and Action Inc reported income of $933k and spending of $924k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $711k to $933k (+31%), an average of +9.5% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Aldea Advancing Local Development Thur Empowerment and Action Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Hands Along the Nile Development Services Inc ($932k), Spark Ventures ($934k) and Torat Shraga Inc ($929k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $88k (9.5% of expenses). Other salaries and wages came to $31k. At year end it held assets of $1.1m against liabilities of $21k, net assets of $1.1m. It reported 2 employees.