Alternatives Inc

Analysis

Alternatives Inc is a registered charity in United States, based in Naugatuck, CT. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Alternatives Inc reported income of $8.2m and spending of $8.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $8.2m (+22%), an average of +5.1% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alternatives Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Bland County Medical Clinic Inc ($8.2m), Make-A-Wish Foundation of Alaska & Washington ($8.2m) and Eagles Autism Challenge Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $239k (2.9% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $5.8m against liabilities of $4.3m, net assets of $1.5m. It reported 169 employees.