Alano Society of Minneapolis Inc

Analysis

Alano Society of Minneapolis Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1943, 83 years ago. 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, Alano Society of Minneapolis Inc reported income of $163k and spending of $127k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $178k to $163k (-8.4%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alano Society of Minneapolis Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Little League Baseball Inc ($163k), Georgia Youth Science & Technology Center Inc ($163k) and Nba Gpva Accessible Housing II ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. At year end it held assets of $417k against liabilities of $2,347, net assets of $415k.