Fayette Alliance Foundation Inc

Analysis

Fayette Alliance Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Fayette Alliance Foundation Inc reported income of $901k and spending of $800k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $835k to $901k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fayette Alliance Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include New Life Day School ($901k), Carolina International Preparatory School ($901k) and Newport Harbor Educational Foundation ($901k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 125% of the total. Compensation of current officers, directors and key employees was $192k (24% of expenses). Other salaries and wages came to $191k. It paid $3,000 in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $75k, net assets of $1.4m. It reported 6 employees.