Allies Inc

Analysis

Allies Inc is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Allies Inc reported income of $70.0m and spending of $68.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.8m to $70.0m (+53%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Allies Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Buckner Retirement Services Inc ($69.0m), Fox Run Village Inc ($71.6m) and Tenderloin Housing Clinic Inc ($68.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $679k (1.0% of expenses). Other salaries and wages came to $46.3m. At year end it held assets of $49.7m against liabilities of $10.0m, net assets of $39.7m. It reported 1,158 employees.