New Alpha Community Development Corporation

Analysis

New Alpha Community Development Corporation is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2023, New Alpha Community Development Corporation reported income of $977k and spending of $988k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $356k to $977k (+175%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Alpha Community Development Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Hunter Foundation Inc ($977k), Worth Industries Inc ($977k) and Enhancing and Strengthening North Dakota Nonprofits & Communities ($977k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $148k. At year end it held assets of $191k against liabilities of $0, net assets of $191k. It reported 3 employees.