Residential Alternatives Inc

Analysis

Residential Alternatives Inc is a registered charity in United States, based in Holly, MI. It received its IRS tax-exemption ruling in September 1985, 41 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 September 2023, Residential Alternatives Inc reported income of $2.1m and spending of $2.0m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $2.1m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2020, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Alternatives Inc 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 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Grace and Mercy Charitable Foundation ($2.1m), Pals Programs ($2.1m) and Brannan Center ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $111k (5.7% of expenses). At year end it held assets of $1.1m against liabilities of $58k, net assets of $1.1m. It reported 55 employees.