Alliance for Independence Inc

Analysis

Alliance for Independence Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in October 1962, 64 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2022, Alliance for Independence Inc reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 4 years on record, from September 2019 to September 2022, income fell from $1.7m to $1.3m (-22%), an average of -8.0% a year. The sharpest change came in the year to September 2021, when income rose by 85%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alliance for Independence Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include South Suburban Council on Homelessness ($1.3m), Open Doors Organization ($1.3m) and Family Resource Center South Atlantic ($1.3m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 26% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $97k (8.3% of expenses). Other salaries and wages came to $360k. At year end it held assets of $3.4m against liabilities of $543k, net assets of $2.9m. It reported 28 employees.