Alliance for American Quilts Inc

Analysis

Alliance for American Quilts Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 American Quilts Inc reported income of $211k and spending of $220k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $211k (+15%), an average of +15% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alliance for American Quilts Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Save the Lorraine Foundation ($211k), Armenian Fairytales Inc ($211k) and Heather Wayne Dance Company Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $63k (28% of expenses). Other salaries and wages came to $60k. At year end it held assets of $148k against liabilities of $7,406, net assets of $140k. It reported 3 employees.