Target Alpena 2000 Corporation

Analysis

Target Alpena 2000 Corporation is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Target Alpena 2000 Corporation reported income of $331k and spending of $260k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $331k (+116%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 2455%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Target Alpena 2000 Corporation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Raise the Bar Hancock County ($331k), Greater Dallas Planning Council Inc ($331k) and Carroll County Economic Development ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 9.1% of the total. Other salaries and wages came to $119k. At year end it held assets of $1.2m against liabilities of $3,679, net assets of $1.2m.