Alsama Project Inc

Analysis

Alsama Project Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in March 2022, 4 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, Alsama Project Inc reported income of $78k and spending of $4,824, leaving 94% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 1021%. Over the whole period it spent 5.8% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alsama Project Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within DE. Charities of a similar size with the same main cause include Key Vista Apartments Inc ($78k), Sister Accord Foundation ($78k) and Turkeys & More ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $364k against liabilities of $283k, net assets of $81k.