Alegria Foundation

Analysis

Alegria Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 2006, 20 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, Alegria Foundation reported income of $58k and spending of $38k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $28k to $58k (+104%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 252%. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alegria Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Royal Harvest Resources ($58k), Fountains of the Needy Inc ($58k) and Cherry Valley Food Pantry ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.