Correctional Alternative Incorporated

Analysis

Correctional Alternative Incorporated is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2024, Correctional Alternative Incorporated reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $843k to $1.1m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Correctional Alternative Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Colorado Coalition Against Domestic Violence ($1.1m), Partners in Prevention Education ($1.1m) and Bushwick Improvement Society Inc Stagg Street Center for Children ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $164k (15% of expenses). Other salaries and wages came to $432k. At year end it held assets of $592k against liabilities of $489k, net assets of $103k. It reported 12 employees.