St Charles Business Alliance Inc

Analysis

St Charles Business Alliance Inc is a registered charity in United States, based in St Charles, IL. It received its IRS tax-exemption ruling in October 1993, 33 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 April 2024, St Charles Business Alliance Inc reported income of $959k and spending of $1.1m, spending 115% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $1.2m to $959k (-20%), an average of -5.4% a year. The sharpest change came in the year to April 2021, when income dropped by 38%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, St Charles Business Alliance Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include San Fernando Valley Partnership Inc ($958k), Junior League of Richmond Virginia ($959k) and Pennsylvania State Association of County Fairs ($957k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $579k. At year end it held assets of $619k against liabilities of $92k, net assets of $527k. It reported 10 employees.