Alex and Ali Foundation Inc

Analysis

Alex and Ali Foundation Inc is a registered charity in United States, based in Newburgh, IN. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alex and Ali Foundation Inc reported income of $362k and spending of $275k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $213k to $362k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alex and Ali Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Willing Partners Inc ($362k), National Immigrant Farming Initiative ($362k) and Kenneth Butler Memorial Soup Kitchen Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 54% of the total. Other salaries and wages came to $134k. At year end it held assets of $255k against liabilities of $0, net assets of $255k. It reported 20 employees.