Alpha Properties Inc

Analysis

Alpha Properties Inc is a registered charity in United States, based in Dillsboro, IN. It received its IRS tax-exemption ruling in June 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Alpha Properties Inc reported income of $517k and spending of $554k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $293k to $517k (+76%), an average of +15% a year. The sharpest change came in the year to September 2022, when income rose by 52%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alpha Properties Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Boston Trailer Park Tenants Association ($516k), Center on Independent Living Coil Community Development Corp ($517k) and Alexia Manor Housing Corporation ($516k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 33% and program service revenue 26% of the total. Other salaries and wages came to $55k. At year end it held assets of $679k against liabilities of $671k, net assets of $8,624.