Aldea Inc

Analysis

Aldea Inc is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Aldea Inc reported income of $15.8m and spending of $14.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $15.8m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aldea Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Discovery Living Inc ($15.8m), West Central Community Action ($15.8m) and Christian Childrens Home of Ohio ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.2m (7.8% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $12.7m against liabilities of $4.0m, net assets of $8.8m. It reported 134 employees.