Elite Alternatives Inc

Analysis

Elite Alternatives Inc is a registered charity in United States, based in Auburn Hills, MI. It received its IRS tax-exemption ruling in May 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 September 2023, Elite Alternatives Inc reported income of $4.0m and spending of $3.7m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.2m to $4.0m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2021, when income rose by 19%. 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, Elite Alternatives Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Circle of Concern ($4.0m), Lutheran Homes of South Carolina Foundation Inc ($4.0m) and Judith Creed Horizons for Achieving Independence ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $200k (5.4% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $2.5m against liabilities of $194k, net assets of $2.3m. It reported 79 employees.