Residential Alternatives of Illinois Inc

Analysis

Residential Alternatives of Illinois Inc is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Residential Alternatives of Illinois Inc reported income of $84.1m and spending of $91.1m, spending 108% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $79.9m to $84.1m (+5.3%), an average of +1.7% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Alternatives of Illinois Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include The Hospice of Dayton Inc ($83.9m), Aunt Marthas Health and Wellness Inc ($84.2m) and National Urban League Inc ($83.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $12k (0.0% of expenses). Other salaries and wages came to $43.5m. At year end it held assets of $104.7m against liabilities of $74.1m, net assets of $30.6m. It reported 1,987 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.