Aliento Education Fund

Analysis

Aliento Education Fund is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Aliento Education Fund reported income of $1.8m and spending of $1.4m, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $810k to $1.8m (+119%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aliento Education Fund 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 85th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Human Needs Food Pantry Inc ($1.8m), Bethlehem Preschool Incorporated ($1.8m) and Cass County Council on Aging Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $127k (8.9% of expenses). Other salaries and wages came to $475k. At year end it held assets of $2.2m against liabilities of $140k, net assets of $2.1m. It reported 10 employees.