Alpha Opportunities Inc

Analysis

Alpha Opportunities Inc is a registered charity in United States, based in Jamestown, ND. It received its IRS tax-exemption ruling in July 1980, 46 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, Alpha Opportunities Inc reported income of $3.4m and spending of $3.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.9m to $3.4m (-57%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 40%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alpha Opportunities Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ND. Charities of a similar size with the same main cause include Turning Point Inc ($3.4m), Center on Policy Initiatives ($3.4m) and Waste Not Want Not Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $3.3m against liabilities of $114k, net assets of $3.2m. It reported 171 employees.