Alliance for a Brighter Community Foundation

Analysis

Alliance for a Brighter Community Foundation is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Alliance for a Brighter Community Foundation reported income of $90k and spending of $96k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $90k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alliance for a Brighter Community Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include United Way of Juction City-Geary County Kansas Inc ($90k), Queens Daughters Inc ($90k) and Manorville Development Corporation ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.