Alternative Schools Network

Analysis

Alternative Schools Network is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1974, 52 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 Schools Network reported income of $21.2m and spending of $20.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.7m to $21.2m (+97%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alternative Schools Network sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include First Medical Insurance Compant a Risk Retention Group ($21.2m), Mid-Erie Mental Health Services Inc ($21.2m) and Southeast Kansas Independent Living Inc ($21.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $579k (2.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $6.9m against liabilities of $5.9m, net assets of $944k. It reported 902 employees.