Community Alliance of the Far Eastside Inc

Analysis

Community Alliance of the Far Eastside Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 1997, 29 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 (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, Community Alliance of the Far Eastside Inc reported income of $4.0m and spending of $3.6m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $4.0m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Alliance of the Far Eastside Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Community Development Technologies Center ($4.0m), Shasta County Private Industry ($4.0m) and WC Workshop Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $113k (3.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $9.0m against liabilities of $719k, net assets of $8.3m. It reported 36 employees.