Alternatives for Children

Analysis

Alternatives for Children is a registered charity in United States, based in East Setauket, NY. It received its IRS tax-exemption ruling in September 2002, 24 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alternatives for Children reported income of $28.0m and spending of $27.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.8m to $28.0m (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alternatives for Children 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 97th percentile within NY. Charities of a similar size with the same main cause include New Hampshire Community Loan Fund ($28.0m), International Institute for Applied Systems Analysis ($28.1m) and Northeast Ohio Neighborhood Health Services Inc ($28.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $534k (2.0% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $13.2m against liabilities of $8.7m, net assets of $4.5m. It reported 467 employees.