Innovative Alternatives Inc

Analysis

Innovative Alternatives Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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 September 2023, Innovative Alternatives Inc reported income of $1.7m and spending of $1.8m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.8m to $1.7m (-4.1%), an average of -1.0% a year. The sharpest change came in the year to September 2021, when income rose by 52%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Innovative Alternatives 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 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Pete & Arline Harman Trust Fund ($1.7m), American Sexually Transmitted Disease Association ($1.7m) and California Collaborative for Immigrant Justice ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $188k (11% of expenses). Other salaries and wages came to $837k. At year end it held assets of $755k against liabilities of $639k, net assets of $116k. It reported 26 employees.