New Alternatives Incorporated

Analysis

New Alternatives Incorporated is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1978, 48 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 December 2023, New Alternatives Incorporated reported income of $39.5m and spending of $39.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $54.9m to $39.5m (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Alternatives Incorporated sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Mount Mary University Inc ($39.5m), Stanley Street Treatment and Resources ($39.6m) and Chicago Sun-Times Media Inc ($39.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.0m (2.6% of expenses). Other salaries and wages came to $21.4m. It paid $9,000 in professional fundraising fees. At year end it held assets of $51.9m against liabilities of $18.6m, net assets of $33.3m. It reported 764 employees.