Strategic Alliance Community Development Corporation

Analysis

Strategic Alliance Community Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Strategic Alliance Community Development Corporation reported income of $376k and spending of $391k, spending 104% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $675k to $376k (-44%), an average of -44% a year. The sharpest change came in the year to June 2023, when income dropped by 44%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Strategic Alliance Community Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Current River Sheltered Workshop ($376k), Chinle Planting Hope ($376k) and Cape Fear Regional Bureau for Community Action Inc ($376k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $541k against liabilities of $556k, net assets of -$15k.