Alliance for Innovation Inc

Analysis

Alliance for Innovation Inc is a registered charity in United States, based in Lindale, TX. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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 Innovation Inc reported income of $506k and spending of $895k, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $506k (-66%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alliance for Innovation 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 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Needles Eye Ministries Inc ($506k), NJ Center for the Healing Arts Inc ($506k) and Cacapon Institute ($506k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $43k against liabilities of $382k, net assets of -$339k.