Spanish Peaks New Alternatives Inc

Analysis

Spanish Peaks New Alternatives Inc is a registered charity in United States, based in Pueblo, CO. It received its IRS tax-exemption ruling in March 2014, 12 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 2023, Spanish Peaks New Alternatives Inc reported income of $5.7m and spending of $5.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $5.7m (+285%), an average of +40% a year. The sharpest change came in the year to June 2020, when income rose by 80%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spanish Peaks New Alternatives Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Stoneridge Retirement Living Communities Inc ($5.7m), New Orleans Family Justice Alliance Inc ($5.7m) and Carina ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $9.4m against liabilities of $17.4m, net assets of -$8.0m.