Alternative Living for Later Years Inc

Analysis

Alternative Living for Later Years Inc is a registered charity in United States, based in Westampton, NJ. It received its IRS tax-exemption ruling in June 1986, 40 years ago. 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 Living for Later Years Inc reported income of $67k and spending of $106k, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $62k to $67k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 178% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alternative Living for Later Years Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include Laboratory Institute of Merchandising Fashion Education Fo ($67k), Paris Hill Library Association ($67k) and Parkland High School Band Boosters ($67k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $412k against liabilities of $849k, net assets of -$437k.

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.