Alliance Housing Incorporated

Analysis

Alliance Housing Incorporated is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Alliance Housing Incorporated reported income of $3.8m and spending of $2.9m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $3.8m (+119%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alliance Housing Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Choctaw Home Finance Corporation ($3.8m), Salt and Light Works ($3.8m) and Liberty Community Land Trust ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $149k (5.1% of expenses). Other salaries and wages came to $224k. At year end it held assets of $13.9m against liabilities of $8.8m, net assets of $5.1m. It reported 17 employees.