New Alternatives for Children Inc

Analysis

New Alternatives for Children Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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, New Alternatives for Children Inc reported income of $37.8m and spending of $37.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.4m to $37.8m (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Alternatives for Children Inc sits at the 99th percentile: it is larger than about 99% 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 Southwest Georgia Community Action Council Inc ($37.8m), Code for America Labs ($37.9m) and Hospice of the Chesapeake ($37.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.4m (3.8% of expenses). Other salaries and wages came to $18.6m. At year end it held assets of $83.2m against liabilities of $66.7m, net assets of $16.5m. It reported 469 employees.