Alternatives for the Older Adult Inc

Analysis

Alternatives for the Older Adult Inc is a registered charity in United States, based in Moline, IL. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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 June 2024, Alternatives for the Older Adult Inc reported income of $5.4m and spending of $5.1m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.9m to $5.4m (+10%), an average of +2.4% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alternatives for the Older Adult Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Team Red White & Blue Inc ($5.4m), Pacific Crest Trail Association ($5.4m) and Sinsinawa Nursing Inc ($5.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (2.3% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $2.1m against liabilities of $643k, net assets of $1.4m. It reported 92 employees.