Alternative Gift Markets Inc

Analysis

Alternative Gift Markets Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in August 1987, 39 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 June 2023, Alternative Gift Markets Inc reported income of $173k and spending of $211k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $193k to $173k (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 120% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Alternative Gift Markets Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within KS. Charities of a similar size with the same main cause include Angel Shine Foundation Inc ($173k), Friends of the Oaxaca Learning Center ($173k) and Women Forward International ($173k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $46k (22% of expenses). Other salaries and wages came to $55k. At year end it held assets of $302k against liabilities of $90k, net assets of $212k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.