Alpha Group of Delaware Inc

Analysis

Alpha Group of Delaware Inc is a registered charity in United States, based in Delaware, OH. It received its IRS tax-exemption ruling in May 1973, 53 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 December 2023, Alpha Group of Delaware Inc reported income of $5.7m and spending of $6.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $5.7m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alpha Group of Delaware Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include National Eucharistic Congress Inc ($5.7m), Harold and Mickey Smith Jewish Acad Emy ($5.7m) and Arc Michigan Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $149k (2.4% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $7.1m against liabilities of $357k, net assets of $6.8m. It reported 277 employees.