Alosa Health Inc

Analysis

Alosa Health Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alosa Health Inc reported income of $8.8m and spending of $8.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $8.8m (+55%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alosa Health Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Capability Health & Human Services ($8.8m), Western Indiana Community Action Agency Inc ($8.8m) and Early Education and Care Inc ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $266k (3.3% of expenses). At year end it held assets of $10.8m against liabilities of $3.3m, net assets of $7.5m. It reported 8 employees.