Alchemia

Analysis

Alchemia is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Alchemia reported income of $1.6m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+2.7%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alchemia sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Norwalk Acts Inc ($1.6m), Building Bridges to Careers Inc ($1.6m) and Upper Midwest Film Office ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $134k (10% of expenses). At year end it held assets of $1.7m against liabilities of $221k, net assets of $1.5m. It reported 23 employees.