Alternative Elder Living Inc

Analysis

Alternative Elder Living Inc is a registered charity in United States, based in Sheridan, WY. It received its IRS tax-exemption ruling in November 2007, 19 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alternative Elder Living Inc reported income of $4.5m and spending of $5.6m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $4.5m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alternative Elder Living Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 95th percentile within WY. Charities of a similar size with the same main cause include Hospital Shared Services Association ($4.5m), Habitat for Humanity International Inc ($4.5m) and Hudson School ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $144k (2.6% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $6.3m against liabilities of $4.8m, net assets of $1.5m. It reported 133 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.