Act for Alexandria

Analysis

Act for Alexandria is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 2009, 17 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 (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, Act for Alexandria reported income of $6.2m and spending of $6.8m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $6.2m (+69%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 203%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Act for Alexandria sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Catapult Greater Pittsburgh Inc ($6.2m), Greater Lafayette Commerce Community & Economic Development F ($6.2m) and Lakota Fund ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $259k (3.8% of expenses). Other salaries and wages came to $577k. At year end it held assets of $22.0m against liabilities of $208k, net assets of $21.8m. It reported 9 employees.