Alliance for Local Economic Prosperity

Analysis

Alliance for Local Economic Prosperity is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Alliance for Local Economic Prosperity reported income of $109k and spending of $149k, spending 137% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $220k to $109k (-51%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alliance for Local Economic Prosperity sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within NM. Charities of a similar size with the same main cause include 24 Bond Arts Center Inc ($109k), Stillwood Study Center ($109k) and Clinard Dance Theatre ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.