Economic Alliance Foundation

Analysis

Economic Alliance Foundation is a registered charity in United States, based in Santa Maria, CA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Economic Alliance Foundation reported income of $577k and spending of $559k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $577k (+277%), an average of +278% a year. The sharpest change came in the year to December 2023, when income rose by 277%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Alliance Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Reach Out First Inc ($576k), Endeavor Nwa Entrepreneurs ($577k) and 212 Catalysts ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $4,014, net assets of $65k.