Alpha Enrichment Agency Inc

Analysis

Alpha Enrichment Agency Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover employment, 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 June 2021, Alpha Enrichment Agency Inc reported income of $65k and spending of $50k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2019 to June 2021, income fell from $333k to $65k (-80%), an average of -80% a year. The sharpest change came in the year to June 2021, when income dropped by 80%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alpha Enrichment Agency Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Pearls of Service Inc ($65k), TWW Inc ($65k) and Municipal Board of Examiners Inc of Polk County ($65k).

On its Form 990-EZ for the period ending June 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.