Alternatives Foundation Incorporated

Analysis

Alternatives Foundation Incorporated is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Alternatives Foundation Incorporated reported income of $124k and spending of $2,285, leaving 98% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $4,579 to $124k (+2610%), an average of +420% a year. The sharpest change came in the year to June 2023, when income rose by 1003%. Over the whole period it spent 2.9% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alternatives Foundation Incorporated sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Lawrence County Memorial Hospital Endowment and Development Foundati ($124k), Elkhart City Bar Association Scholarship Foundation ($124k) and Little League Baseball Inc ($124k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $295k against liabilities of $0, net assets of $295k.