Alliance Area Development Foundation

Analysis

Alliance Area Development Foundation is a registered charity in United States, based in Alliance, OH. It received its IRS tax-exemption ruling in August 1999, 27 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 June 2023, Alliance Area Development Foundation reported income of $201k and spending of $211k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $214k to $201k (-6.2%), an average of -1.6% a year. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alliance Area Development Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Rolland Curtis Commercial Qalicb Inc ($201k), River North Residents Association ($201k) and Digitunity Inc ($201k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $86k (41% of expenses). Other salaries and wages came to $30k. At year end it held assets of $693k against liabilities of $204k, net assets of $489k. It reported 2 employees.