Alden Street Foundation Inc

Analysis

Alden Street Foundation Inc is a registered charity in United States, based in Jamesville, NY. It received its IRS tax-exemption ruling in October 2007, 19 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, Alden Street Foundation Inc reported income of $55k and spending of $67k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $55k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 139% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alden Street 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 22nd percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Sarah Beth Coyote Foundation ($55k), Westchester-Bakersfield Kiwanis Foundation Inc ($55k) and Womens Media Group Educational Foundation ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $286k against liabilities of $0, net assets of $286k.