Alms House Inc

Analysis

Alms House Inc is a registered charity in United States, based in Hope Mills, NC. It received its IRS tax-exemption ruling in April 2014, 12 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, Alms House Inc reported income of $123k and spending of $80k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $123k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alms House Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Wings of Love Inc ($123k), HHH Ranch ($123k) and RVC Community Fund Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.0% of the total. At year end it held assets of $164k against liabilities of $526, net assets of $164k.