Allied Foundation Inc

Analysis

Allied Foundation Inc is a registered charity in United States, based in Melville, NY. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Allied Foundation Inc reported income of $312k and spending of $304k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $312k (+205%), an average of +205% a year. The sharpest change came in the year to December 2023, when income rose by 205%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Allied Foundation Inc 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 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Peer Kindness Inc ($312k), Boys & Girls Club of Gila Valley ($312k) and Springfield Youth Hockey Association ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $34k against liabilities of $6,948, net assets of $27k.