Alliance Lending Corporation

Analysis

Alliance Lending Corporation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 1977, 49 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Alliance Lending Corporation reported income of $588k and spending of $766k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $622k to $588k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 132% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alliance Lending Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Sacramento Business Services Center ($588k), Grafton County Economic Development Council ($588k) and General Thoracic Surgical Club ($588k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 68% of the total. Compensation of current officers, directors and key employees was $142k (18% of expenses). Other salaries and wages came to $342k. At year end it held assets of $1.5m against liabilities of $175k, net assets of $1.3m. It reported 5 employees.

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.