Alano Society of Richfield- Bloomington

Analysis

Alano Society of Richfield- Bloomington is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1957, 69 years ago. 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, Alano Society of Richfield- Bloomington reported income of $57k and spending of $51k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $57k (+11%), an average of +11% a year. Over the whole period it spent 90% 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 Richfield- Bloomington sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Foundation for Campus Ministry at U P J Inc ($57k), PTA California Congress of Parents Teachers & Students Inc ($57k) and Road Runners Club of America ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $82, net assets of $88k.