Alterna Inc

Analysis

Alterna Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Alterna Inc reported income of $328k and spending of $284k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $328k (+196%), an average of +196% a year. The sharpest change came in the year to December 2023, when income rose by 196%. Over the whole period it spent 80% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Alterna Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within GA. Charities of a similar size with the same main cause include Prayer Plan Missions Inc ($327k), Padma Organization ($328k) and Aarti for Girls Inc ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (4.1% of expenses). Other salaries and wages came to $32k. At year end it held assets of $384k against liabilities of $186k, net assets of $199k. It reported 4 employees.