American Financial Education Alliance

Analysis

American Financial Education Alliance is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, American Financial Education Alliance reported income of $1.0m and spending of $1.1m, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-2.1%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Financial Education Alliance sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include New England Human Services Collaborative Inc ($1.0m), Friends of Elder Citizens Inc ($1.0m) and Helping Hands of Ennis ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 259% of the total. Compensation of current officers, directors and key employees was $298k (27% of expenses). Other salaries and wages came to $434k. At year end it held assets of $213k against liabilities of $150k, net assets of $62k.

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.