Alpha Project for the Homeless

Analysis

Alpha Project for the Homeless is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Project for the Homeless reported income of $2.5m and spending of $2.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.5m (+16%), an average of +3.8% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alpha Project for the Homeless sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Vincent Properties Inc ($2.5m), Presbyterian Housing Development Fund Corporation of Queens ($2.5m) and Neighborhood Housing Services of Brooklyn CDC Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $340k. At year end it held assets of $5.7m against liabilities of $754k, net assets of $5.0m. It reported 7 employees.