Americas Promise-The Alliance for Youth

Analysis

Americas Promise-The Alliance for Youth is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1997, 29 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, Americas Promise-The Alliance for Youth reported income of $4.6m and spending of $6.8m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $4.6m (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Americas Promise-The Alliance for Youth sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 79th percentile within DC. Charities of a similar size with the same main cause include Boys and Girls Clubs of Metrowest Inc ($4.5m), The Dream Program Inc ($4.6m) and Big Brothers Big Sisters of Central Indiana Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $968k (14% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $20.7m against liabilities of $6.4m, net assets of $14.3m. It reported 32 employees.