Buncombe Alternatives Incorporated

Analysis

Buncombe Alternatives Incorporated is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in June 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 2023, Buncombe Alternatives Incorporated reported income of $391k and spending of $403k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $284k to $391k (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buncombe Alternatives Incorporated sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Cairn Health Inc ($391k), Today Foundation ($391k) and Vietnamese Buddhist Association ($391k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (16% of expenses). Other salaries and wages came to $187k. At year end it held assets of $55k against liabilities of $23k, net assets of $32k. It reported 5 employees.