Economic Alliance Foundation Inc

Analysis

Economic Alliance Foundation Inc is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Economic Alliance Foundation Inc reported income of $70k and spending of $163k, spending 233% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $70k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 198%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Alliance Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Natural State Advancement Institute ($70k), Southern Iowa Development Group Inc ($70k) and California African American Action Fund ($70k).

At year end it held assets of $816k against liabilities of $20k, net assets of $795k.