Tysons Community Alliance

Analysis

Tysons Community Alliance is a registered charity in United States, based in Tysons, VA. It received its IRS tax-exemption ruling in April 2024, 2 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 June 2024, Tysons Community Alliance reported income of $3.1m and spending of $2.8m, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $2.5m to $3.1m (+24%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tysons Community Alliance sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Valley Small Business Development Corporation ($3.1m), King of Prussia Business Improvement District Inc ($3.1m) and Lincoln Square District Management Association Inc ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $693k (25% of expenses). Other salaries and wages came to $774k. At year end it held assets of $1.9m against liabilities of $226k, net assets of $1.7m. It reported 2 employees.