Greater Fort Lauderdale Alliance Foundation Inc

Analysis

Greater Fort Lauderdale Alliance Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, 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 September 2023, Greater Fort Lauderdale Alliance Foundation Inc reported income of $908k and spending of $1.0m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $302k to $908k (+201%), an average of +32% a year. The sharpest change came in the year to September 2022, when income rose by 164%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Fort Lauderdale Alliance Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Made Institute ($907k), Soulforce Inc ($908k) and Spinal Cord Living Assistance Development Inc Sclad ($907k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $456k. At year end it held assets of $540k against liabilities of $552k, net assets of -$12k. It reported 8 employees.