Alliance for Education Foundation Inc

Analysis

Alliance for Education Foundation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alliance for Education Foundation Inc reported income of $1.2m and spending of $1.2m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $110k to $1.2m (+961%), an average of +120% a year. The sharpest change came in the year to June 2021, when income rose by 597%. Over the whole period it spent 175% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alliance for Education Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Valley Beit Midrash ($1.2m), Westview Foundation ($1.2m) and Ann Richards School Foundation ($1.2m).

At year end it held assets of $16.5m against liabilities of $18.5m, net assets of -$2.1m.

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.