Aalambana Foundation Inc

Analysis

Aalambana Foundation Inc is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in July 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 2022, Aalambana Foundation Inc reported income of $109k and spending of $49k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $246k to $109k (-56%), an average of -56% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aalambana Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include McSy Qalicb YMCA ($109k), Rainbow of Hope Farm ($109k) and Fundacion Pro-Ayuda de Puerto Rico Inc ($109k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.