Alpha One

Analysis

Alpha One is a registered charity in United States, based in South Portland, ME. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Alpha One reported income of $29.8m and spending of $28.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.7m to $29.8m (+103%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alpha One sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ME. Charities of a similar size with the same main cause include Delaware Hospice Inc ($29.7m), Young Mens Christian Association of Coastal Georgia Inc ($29.8m) and Food Bank of North Alabama ($29.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $523k (1.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $16.6m against liabilities of $7.8m, net assets of $8.8m. It reported 60 employees.