Residential Alternatives Atlantic Inc

Analysis

Residential Alternatives Atlantic Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in September 1984, 42 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, Residential Alternatives Atlantic Inc reported income of $96k and spending of $110k, spending 115% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $94k to $96k (+1.4%), an average of +1.4% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Residential Alternatives Atlantic Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Pelican Place Inc ($96k), Mental Health Association in Mid-Carolina Housing Corporation ($96k) and Wagner Housing Foundation ($96k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $157k against liabilities of $334k, net assets of -$177k.