Alma Cares Inc

Analysis

Alma Cares Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Alma Cares Inc reported income of $54k and spending of $117k, spending 215% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $54k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 178% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alma Cares Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include LA Grande Swim Club ($54k), Unity of West Bend Inc ($54k) and Susen Daniel Memorial Cancer Relief Fund ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.