Allex Inc

Analysis

Allex Inc is a registered charity in United States, based in Acton, MA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. 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 September 2023, Allex Inc reported income of $526k and spending of $544k, spending 103% of its income. Across the 5 years on record, from March 2020 to September 2023, income fell from $979k to $526k (-46%), an average of -14% a year. The sharpest change came in the year to September 2021, when income rose by 294%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allex Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Bells Educare Pre School and Daycare Center ($526k), Center for Individual and Family Counseling ($526k) and Mid-Texas Symphony Society ($526k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $180k (33% of expenses). Other salaries and wages came to $110k. At year end it held assets of $763k against liabilities of $143k, net assets of $620k. It reported 3 employees.