Alchemy Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO ASSIST URBAN ADOLESCENTS TO DEVELOP A SENSE OF PURPOSE IN LIFE AND TO THRIVE AS MEMBERS OF A FAMILY, SCHOOL AND COMMUNITY.
- Income
- $309,176
- Spending
- $297,362
- Spent on programs
- 51%
- Reserves
- 2.2 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 1
- Highest pay
- $127,232, executive di
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 58 out of 100. Higher than 26% of charities in its peer group (human services, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 2.2 months of spending.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
15 of 15Income exceeded spending by 4% of income.
Income trend
5 of 15Income fell 23% on the year before.
Spending floor
8 of 1551% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 46 out of 100. Higher than 13% of charities in its peer group (human services, $250k to $1m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $111,183 spent. APS IN SCHOOL MALE PROGRAM IS AN ALCHEMY MENTORING GROUP WHICH MEETS DURING THE SCHOOL DAY THROUGHOUT EACH ACADEMIC YEAR, FOR 22-25 WEEKS, IN AKRON PUBLIC SCHOOL (APS) SCHOOL BUILDINGS. THROUGH THE TELLING, DISCUSSION, AND INTERPRETATION OF ASSIGNED ANCIENT MYTHOLOGICAL TALES TOLD TO THE BEAT OF A DJEMBE DRUM AND WITH STUDENTS SEATED IN A SAFE CIRCLE TO CULTIVATE A SENSE OF COMMUNITY. TRAINED FACILITATORS TEACH PARTICIPANTS TO NAVIGATE LIFE'S CHALLENGES THROUGH EXPLORATION INTO ETHICS, HUMANKIND, CRITICAL DECISION MAKING, AND MUCH MORE. WRITING SKILLS ARE ALSO DEVELOPED THROUGH REQUIRED JOURNALING DURING EACH SESSION. THE HIGHLY EXPERIENCED GUIDANCE FROM CLASSROOM FACILITATORS HELPS THEM ENVISION AND DEVELOP CLEAR GOALS, FOR BOTH THEIR ACADEMIC AND LIFE JOURNEYS.
- $28,778 spent. NYC SILBERMAN PROJECT THESE WORKSHOPS WERE FOCUSED ON THE PRINCIPLES, TECHNIQUES, AND APPLICATIONS OF THE ALCHEMY METHOD. THROUGH THE TELLING OF MYTHS AND THE DISCUSSIONS THAT FOLLOW, PARTICIPANTS GAINED A DEEPER UNDERSTANDING OF SELF AND EXPERIENCE HOW THE USE OF AGE-OLD NARRATIVES CAN LEAD TO PROFOUND PERSONAL GROWTH AND HEALING.
- $12,481 spent. GJA ALCHEMY PROVIDED MONTHLY IN-SCHOOL SESSIONS FROM OCTOBER 2025 TO MAY 2026 FOR 8TH GRADE MALE YOUTH AT GEORGE JACKSON ACADEMY IN THE EAST VILLAGE WHICH IS LOCATED AT 104 ST. MARKS PLACE. THE GROUPS WERE CONDUCTED USING THE ALCHEMY METHOD WHICH IS CENTERED AROUND THE TELLING, DISCUSSION, AND INTERPRETATION OF MYTHOLOGICAL STORIES TOLD TO THE BEAT OF AN AFRICAN DRUM. THROUGH DISCUSSION AND JOURNALING STUDENTS BEGIN AND CONTINUE TO EXPLORE THEIR PERSONAL CHALLENGES AS THEY ENVISION AND ADOPT THE CHARACTER TRAITS OF THE STORIES' HEROES (E.G., PATIENCE, HUMILITY, SELF-SACRIFICE, ETC.). A KEY FOCUS WAS ON SOCIAL-EMOTIONAL-LEARNING (SEL) GROWTH WITH A FOCUS ON LONG-TERM BENEFITS THAT PROMOTE GENERATIONAL CHANGES.
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2026.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2003.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.