Alternative Homes 2004 Inc

Analysis

Alternative Homes 2004 Inc is a registered charity in United States, based in Raritan, NJ. It received its IRS tax-exemption ruling in December 2005, 21 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 June 2023, Alternative Homes 2004 Inc reported income of $86k and spending of $108k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $66k to $86k (+30%), an average of +6.8% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alternative Homes 2004 Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Choose Aftercare ($86k), Vesta Charles Inc ($86k) and International Association of Administrative Professionals FDN ($86k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. At year end it held assets of $721k against liabilities of $1.1m, net assets of -$348k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.