Alliance 98

Analysis

Alliance 98 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alliance 98 reported income of $399k and spending of $294k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $250k to $399k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alliance 98 sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Transform Finance Inc ($399k), Charleston Electrical Training Alliance ($400k) and Watershed Human and Community Development Agency Inc ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $60k (20% of expenses). Other salaries and wages came to $49k. At year end it held assets of $279k against liabilities of $13k, net assets of $266k.