Alcove Care Inc

Analysis

Alcove Care Inc is a registered charity in United States, based in Morton, TX. It received its IRS tax-exemption ruling in June 2002, 24 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 December 2023, Alcove Care Inc reported income of $63k and spending of $44k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $183k to $63k (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 34% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alcove Care Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include East Brooklyn Mutual Aid ($63k), Chad E Cooper Foundation Inc ($63k) and Showers of Grace ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $397k against liabilities of $426, net assets of $396k.