Alpha-1 Foundation Inc

Analysis

Alpha-1 Foundation Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Alpha-1 Foundation Inc reported income of $10.5m and spending of $8.5m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.6m to $10.5m (-1.6%), an average of -0.4% a year. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alpha-1 Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Equal Access International ($10.5m), Round Valley Indian Health Center Inc ($10.5m) and Hope Christian Health Center Corp ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 3.5% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $37.7m against liabilities of $2.2m, net assets of $35.5m. It reported 19 employees.