Charitable Allies Inc

Analysis

Charitable Allies Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, Charitable Allies Inc reported income of $2.0m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charitable Allies Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Detroit Ringo Kai ($2.0m), United Way of Anderson County ($2.0m) and Eurasia Partners Network Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $314k (16% of expenses). Other salaries and wages came to $670k. At year end it held assets of $721k against liabilities of $622k, net assets of $99k. It reported 19 employees.