Alphanet Inc

Analysis

Alphanet Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in March 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alphanet Inc reported income of $14.5m and spending of $13.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.1m to $14.5m (-9.9%), an average of -2.6% a year. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alphanet Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Nemours New Jersey Physician Practice PC ($14.5m), Rutherford County Primary Care ($14.5m) and Musc Health Partners ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 84% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $42.2m against liabilities of $352k, net assets of $41.8m. It reported 48 employees.