Allen College

Analysis

Allen College is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Allen College reported income of $12.2m and spending of $12.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.8m to $12.2m (-4.8%), an average of -1.2% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allen College sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Asian American Drug Abuse Program Inc ($12.2m), Allegheny Conference on Community Development ($12.2m) and San Antonio Academy of Texas ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $344k (2.9% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $31.3m against liabilities of $1.5m, net assets of $29.7m.