Allied Churches of Alamance County Inc

Analysis

Allied Churches of Alamance County Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in September 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Allied Churches of Alamance County Inc reported income of $710k and spending of $912k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $710k (-33%), an average of -9.7% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Allied Churches of Alamance County Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Spring Road Kyiv Missions Center ($710k), Faith Holistic Academy ($710k) and Caring for Colorado Centennial Fund ($709k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $88k (9.6% of expenses). Other salaries and wages came to $245k. At year end it held assets of $1.1m against liabilities of $72k, net assets of $998k. It reported 16 employees.