Alpha News

Analysis

Alpha News is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in February 2016, 10 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 December 2023, Alpha News reported income of $811k and spending of $799k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $331k to $811k (+145%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alpha News sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Friends of the Museum North Carolina Maritime Museum Inc ($811k), PCH Development Corporation ($811k) and Jackson County Schneck Memorial Hospital Foundation Inc ($811k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $285k. At year end it held assets of $386k against liabilities of $20k, net assets of $366k. It reported 5 employees.