Aldersbridge Communities

Analysis

Aldersbridge Communities is a registered charity in United States, based in East Providence, RI. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Aldersbridge Communities reported income of $3.7m and spending of $3.9m, spending 107% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.1m to $3.7m (+74%), an average of +12% a year. The sharpest change came in the year to December 2019, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aldersbridge Communities sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within RI. Charities of a similar size with the same main cause include SJL Health Systems Inc ($3.7m), Los Angeles Alliance for a New Economy ($3.7m) and Visiting Ancillary Services Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $591k (15% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.3m against liabilities of $3.0m, net assets of $1.3m. It reported 18 employees.