Greater Alliance Foundation Inc

Analysis

Greater Alliance Foundation Inc is a registered charity in United States, based in Alliance, OH. It received its IRS tax-exemption ruling in February 1999, 27 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 September 2023, Greater Alliance Foundation Inc reported income of $2.8m and spending of $1.9m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.2m to $2.8m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2021, when income rose by 315%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Alliance Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Alliance for Hope International ($2.8m), Lulac Institute Inc ($2.8m) and Vitalogy Foundation ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% of the total. Compensation of current officers, directors and key employees was $18k (0.9% of expenses). Other salaries and wages came to $88k. At year end it held assets of $25.4m against liabilities of $4.9m, net assets of $20.5m. It reported 3 employees.