Alternatives Inc

Analysis

Alternatives Inc is a registered charity in United States, based in Raritan, NJ. It received its IRS tax-exemption ruling in March 1998, 28 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 June 2023, Alternatives Inc reported income of $21.5m and spending of $22.7m, spending 106% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $18.5m to $21.5m (+17%), an average of +5.2% a year. The sharpest change came in the year to June 2020, when income rose by 15%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alternatives Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Friendsview Manor ($21.5m), Bayview Manor Homes ($21.5m) and Brethren Retirement Community ($21.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $905k (4.0% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $8.5m against liabilities of $4.9m, net assets of $3.6m. It reported 521 employees.

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.