Alliance Initiatives Fund Inc

Analysis

Alliance Initiatives Fund Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in December 2000, 26 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 supporting organisation under section 501(c)(3).

In the financial year ending June 2023, Alliance Initiatives Fund Inc reported income of $368k and spending of $245k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $11k to $368k (+3341%), an average of +142% a year. The sharpest change came in the year to June 2023, when income rose by 1649%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alliance Initiatives Fund Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Eastern Shore of Virginia Community Foundation ($368k), Cusp Foundation Inc ($368k) and Supporters of Charitable Causes ($368k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $556k against liabilities of $39k, net assets of $517k.