Alads Cares Foundation

Analysis

Alads Cares Foundation is a registered charity in United States, based in Monterey Park, CA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Alads Cares Foundation reported income of $346k and spending of $378k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.5m to $346k (-78%), an average of -39% a year. The sharpest change came in the year to December 2021, when income dropped by 84%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alads Cares Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Paul and Mareva Marciano Foundation Inc ($346k), Lecom Student Government Association Inc ($347k) and Paa Foundation Inc ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.