Allegro Foundation

Analysis

Allegro Foundation is a registered charity in United States, based in Tega Cay, SC. It received its IRS tax-exemption ruling in February 2004, 22 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, Allegro Foundation reported income of $1.3m and spending of $999k, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.3m (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2022, when income rose by 120%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allegro Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Perfect Schooling Inc ($1.3m), NW Bilingual Academy LLC ($1.3m) and Eagle Academy Christian School ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $358k. At year end it held assets of $1.5m against liabilities of $138k, net assets of $1.4m. It reported 5 employees.