Alliant Insurance Foundation

Analysis

Alliant Insurance Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 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, Alliant Insurance Foundation reported income of $1.1m and spending of $567k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.1m to $1.1m (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 24% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alliant Insurance Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Fannin County Family Connection ($1.1m), Autism Cares Foundation ($1.1m) and Good Samaritan Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $41k. At year end it held assets of $2.6m against liabilities of $301, net assets of $2.6m. It reported 6 employees.