Alegre Global Assistance Charities Inc

Analysis

Alegre Global Assistance Charities Inc is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Alegre Global Assistance Charities Inc reported income of $592k and spending of $1.6m, spending 277% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $592k (+140%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 217%. Over the whole period it spent 372% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Alegre Global Assistance Charities Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Lalimye Ministries ($591k), Drink Local Drink Tap Inc ($592k) and Nuclear Age Peace Foundation ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $23k (1.4% of expenses). At year end it held assets of $8.5m against liabilities of $21k, net assets of $8.5m. It reported 2 employees.

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.