Boilermaker Alliance Inc

Analysis

Boilermaker Alliance Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Boilermaker Alliance Inc reported income of $5.0m and spending of $1.9m, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.0m to $5.0m (+399%), an average of +399% a year. The sharpest change came in the year to December 2023, when income rose by 399%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boilermaker Alliance Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include FHMC Inc ($5.0m), Vetjobs ($5.0m) and Midland Business Alliance Foundation ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $80k. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m. It reported 3 employees.