Alex House Project Inc

Analysis

Alex House Project Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2016, 10 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, Alex House Project Inc reported income of $758k and spending of $817k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $758k (+212%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alex House Project Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Brinkley Heights Ministries Inc ($758k), YWCA Southwestern Illinois ($758k) and Shepherd of God Christian Academy Corp ($758k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (12% of expenses). Other salaries and wages came to $328k. At year end it held assets of $75k against liabilities of $15k, net assets of $59k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.