Alpha Building Foundation Corporation

Analysis

Alpha Building Foundation Corporation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 1995, 31 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 Building Foundation Corporation reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.4m (+2.7%), an average of +0.7% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alpha Building Foundation Corporation 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 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Samaritan Ministries ($2.4m), Society of St Vincent de Paul St Therese Conference ($2.4m) and Squareone Villages ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $272k. At year end it held assets of $3.3m against liabilities of $7.0m, net assets of -$3.6m.