Alliance Asset Management Inc

Analysis

Alliance Asset Management Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Alliance Asset Management Inc reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.3m to $1.6m (+30%), an average of +9.3% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alliance Asset Management Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NH. Charities of a similar size with the same main cause include Inter-Cooperative Council at University of Texas Inc ($1.6m), Habitat for Humanity International Inc ($1.6m) and Knights of Pythias Care Center ($1.6m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $247k against liabilities of $525k, net assets of -$279k. It reported 30 employees.