Ales Foundation

Analysis

Ales Foundation is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Ales Foundation reported income of $289k and spending of $8,000, leaving 97% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.4m to $289k (-91%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. Over the whole period it spent 1.6% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ales Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include East Edina Housing Foundation ($289k), Roxbury Senior Housing Inc ($289k) and Mother Teresa Home ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11.8m against liabilities of $33k, net assets of $11.8m.