Alternative Residences Three Inc

Analysis

Alternative Residences Three Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Alternative Residences Three Inc reported income of $3.2m and spending of $2.6m, spending 81% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $2.3m to $3.2m (+42%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alternative Residences Three Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Project Gatehouse Endowment ($3.2m), Clay County Child Care Center Inc ($3.2m) and And Then There Were None ($3.2m).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 100% of the total. Other salaries and wages came to $961k. At year end it held assets of $2.1m against liabilities of $314k, net assets of $1.8m. It reported 23 employees.