Family Alternatives Inc

Analysis

Family Alternatives Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Family Alternatives Inc reported income of $4.3m and spending of $4.3m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.3m to $4.3m (+33%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Alternatives Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Elder Care Alliance ($4.3m), Kimochi Inc ($4.4m) and Treasure Coast Homeless Service Council Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $127k (3.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.8m against liabilities of $565k, net assets of $1.3m. It reported 17 employees.