High Speed Rail Alliance Inc

Analysis

High Speed Rail Alliance Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, High Speed Rail Alliance Inc reported income of $475k and spending of $525k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $475k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, High Speed Rail Alliance Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Tampa Bay Academy of Hope Inc ($475k), Division on Career Development and Transition ($475k) and Labi Foundation ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $147k (28% of expenses). Other salaries and wages came to $59k. At year end it held assets of $191k against liabilities of $88k, net assets of $102k. It reported 4 employees.