Free Alas

Analysis

Free Alas is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Free Alas reported income of $1.2m and spending of $277k, leaving 77% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $627k to $1.2m (+94%), an average of +94% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Free Alas sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include St Timothy Christian Academy ($1.2m), Montessori Childrens School ($1.2m) and National Postsecondary Strategy Institute ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $80k (29% of expenses). Other salaries and wages came to $43k. At year end it held assets of $1.5m against liabilities of $28k, net assets of $1.5m. It reported 2 employees.