We Are Alx Inc

Analysis

We Are Alx Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in April 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 (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, We Are Alx Inc reported income of $1.6m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $1.6m (+418%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 159%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, We Are Alx Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Bold Education Fund Inc ($1.6m), Steepletown Neighborhood Services Inc ($1.6m) and Village Alliance District Management Association Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $285k (17% of expenses). Other salaries and wages came to $305k. At year end it held assets of $775k against liabilities of $106k, net assets of $668k. It reported 5 employees.