Productive Alternatives Inc

Analysis

Productive Alternatives Inc is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in December 1963, 63 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Productive Alternatives Inc reported income of $16.8m and spending of $15.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.8m to $16.8m (+6.1%), an average of +1.5% a year. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Productive Alternatives Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Waccamaw Economic Opportunity Council Inc ($16.8m), Hill Country Community Action Association Inc ($16.8m) and Winston-Salem Industries for the Blind Inc ($16.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $573k (3.6% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $17.3m against liabilities of $2.2m, net assets of $15.2m. It reported 714 employees.