Alternative Living Concepts Inc

Analysis

Alternative Living Concepts Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Alternative Living Concepts Inc reported income of $555k and spending of $701k, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $441k to $555k (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2022, when income rose by 28%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alternative Living Concepts Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within RI. Charities of a similar size with the same main cause include Rolling Meadows Homes Cooperative ($554k), Christian Housing Mesa Inc ($555k) and Housing for Rockdale Elders Inc ($554k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $857k, net assets of $519k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.