Alpha Home Inc

Analysis

Alpha Home Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in January 1989, 37 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 (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, Alpha Home Inc reported income of $431k and spending of $571k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $197k to $431k (+118%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alpha Home Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include William R Anderson HDFC ($431k), Salina Grace Foundation ($431k) and Servants of Shelter of Koochiching County ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $5.9m against liabilities of $6.1m, net assets of -$187k.