Fashion Minority Alliance Incorporated

Analysis

Fashion Minority Alliance Incorporated is a registered charity in United States, based in United Kingdom. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Fashion Minority Alliance Incorporated reported income of $74k and spending of $85k, spending 114% of what it took in. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fashion Minority Alliance Incorporated sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile. Charities of a similar size with the same main cause include Class Act Dance Troupe Inc ($74k), The Mount Gretna Arts Council Inc ($74k) and Harvard Cultural Collaborative ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.