Alaquest Collaborative for Education

Analysis

Alaquest Collaborative for Education is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Alaquest Collaborative for Education reported income of $285k and spending of $310k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $210k to $285k (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alaquest Collaborative for Education sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within AL. Charities of a similar size with the same main cause include Bolivar Free Library ($285k), Jewish Academy School of Fine Arts Inc ($285k) and Grove School ($285k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $147k. It paid $5,443 in professional fundraising fees. At year end it held assets of $69k against liabilities of $5,803, net assets of $63k. It reported 4 employees.