Alternatives Homes 2005 Inc

Analysis

Alternatives Homes 2005 Inc is a registered charity in United States, based in Raritan, NJ. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Alternatives Homes 2005 Inc reported income of $92k and spending of $112k, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $153k to $92k (-40%), an average of -12% a year. The sharpest change came in the year to September 2020, when income dropped by 65%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alternatives Homes 2005 Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include National Federation of Filipino American Association Nevada ($92k), Sage of South Florida Inc ($92k) and Peninsula Biblical Counseling Ministries ($92k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $808k against liabilities of $1.1m, net assets of -$310k.

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.