Remedy Alliance Inc

Analysis

Remedy Alliance Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Remedy Alliance Inc reported income of $3.6m and spending of $687k, leaving 81% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $96k to $3.6m (+3664%), an average of +514% a year. The sharpest change came in the year to December 2023, when income rose by 551%. Over the whole period it spent 21% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Remedy Alliance Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Clinton County Foundation ($3.6m), Mara Elephant Project USA Inc ($3.6m) and Margaret E Haas Fund ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $179k (26% of expenses). Other salaries and wages came to $163k. At year end it held assets of $3.9m against liabilities of $474k, net assets of $3.4m. It reported 4 employees.