Tibetan Alliance of Chicago Inc

Analysis

Tibetan Alliance of Chicago Inc is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tibetan Alliance of Chicago Inc reported income of $73k and spending of $74k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $73k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 159%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tibetan Alliance of Chicago Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Purposeful Unconditional Service to Others Foundation ($73k), Valley Community Center Inc ($73k) and California Metabolic Research Foundation ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $583k against liabilities of $6,644, net assets of $576k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.