The Alex Fund Inc

Analysis

The Alex Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, The Alex Fund Inc reported income of $131k and spending of $120k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $175k to $131k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Alex Fund Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Believe 271 Foundation Inc ($131k), Foundation for a Greater Greenwood County Inc ($131k) and Doris F Childs Charitable TR Ua First National Bank & TR Co Ttee ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $10k. At year end it held assets of $208k against liabilities of $1,937, net assets of $206k. It reported 1 employees.