Alleghany Educational Foundation Inc

Analysis

Alleghany Educational Foundation Inc is a registered charity in United States, based in Sparta, NC. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Alleghany Educational Foundation Inc reported income of $543k and spending of $929k, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $543k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 208%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alleghany Educational Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Chedvas Bais Yaakov ($543k), Public Narrative ($543k) and Learning Springs Academy Inc ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $55k (5.9% of expenses). Other salaries and wages came to $32k. At year end it held assets of $7.8m against liabilities of $34k, net assets of $7.8m. It reported 2 employees.