Israel Alliance Corp

Analysis

Israel Alliance Corp is a registered charity in United States, based in Lawrence, NY. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Israel Alliance Corp reported income of $540k and spending of $543k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.1m to $540k (-51%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Israel Alliance Corp sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Hope Alive Initiatives ($540k), United Nations for Israel Inc ($540k) and Phuoc Duc Buddhist Cultural Center Inc ($540k).

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 $76k against liabilities of $45k, net assets of $31k.