Alternatives Incorporated of Madison County

Analysis

Alternatives Incorporated of Madison County is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in November 1980, 46 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, Alternatives Incorporated of Madison County reported income of $1.7m and spending of $1.7m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.7m (+19%), an average of +5.9% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alternatives Incorporated of Madison County sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Vida Joven de Mexico ($1.7m), The Abcd Inc ($1.7m) and Govern for America Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $252k (15% of expenses). Other salaries and wages came to $557k. At year end it held assets of $3.4m against liabilities of $132k, net assets of $3.3m. It reported 39 employees.