Alamo Area Development Corporation

Analysis

Alamo Area Development Corporation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in January 1997, 29 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 December 2023, Alamo Area Development Corporation reported income of $196k and spending of $197k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $529k to $196k (-63%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alamo Area Development Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Dalton S Food Pantry Inc ($196k), Omnichen Solutions Inc ($196k) and An Orphans Dream Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $145k, net assets of $8,567.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.