Alco Halfway House Inc

Analysis

Alco Halfway House Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 1968, 58 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alco Halfway House Inc reported income of $451k and spending of $371k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $451k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alco Halfway House Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include New Horizons Nursery School Inc ($451k), Marys Inn ($451k) and Morris W Stroud 3rd TR Uw Pennswood No 1 ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $71k (19% of expenses). Other salaries and wages came to $28k. At year end it held assets of $258k against liabilities of $38k, net assets of $220k.