Alpha Home Inc
EIN: 61235155 · New Haven, CT · NTEE: L41Z
| Metric | Value |
|---|---|
| Total Revenue | $533K |
| Total Expenses | $571K |
| Net Assets | $-186,660 |
Is Alpha Home Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Alpha Home Inc
Alpha Home Inc (EIN: 61235155) is a nonprofit organization based in New Haven, CT, classified under NTEE code L41Z. The organization reported total revenue of $533K and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alpha Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alpha Home Inc is a small nonprofit that has been operating for 37 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 47.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $431K |
| Total Expenses | $571K |
| Surplus / Deficit | $-140,241 |
| Total Assets | $5.9M |
| Total Liabilities | $6.1M |
| Net Assets | $-186,660 |
| Operating Margin | -32.6% |
| Debt-to-Asset Ratio | 103.2% |
| Months of Reserves | 123.5 months |
Financial Health Grade: C
In 2023, Alpha Home Inc reported a deficit of $140K with expenses exceeding revenue, holds 123.5 months of operating reserves (strong position), has a debt-to-asset ratio of 103.2% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Alpha Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 47.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.6% | +180.7% | +3.8% |
| 2022 | +22.1% | -27.7% | +64.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Alpha Home Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alpha Home Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $140K, with expenses exceeding revenue.
- Debt-to-asset ratio: 103.2%.
Frequently Asked Questions about Alpha Home Inc
Is Alpha Home Inc a legitimate charity?
Alpha Home Inc (EIN: 61235155) is a registered tax-exempt nonprofit based in Connecticut. It has 3 years of IRS 990 filings on record. Total revenue: $533K. No red flags identified. Financial health grade: C.
How does Alpha Home Inc spend its money?
Alpha Home Inc reported $533K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Alpha Home Inc tax-deductible?
Alpha Home Inc is registered as a tax-exempt nonprofit (EIN: 61235155). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Alpha Home Inc located?
Alpha Home Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 61235155. It is classified under NTEE code L41Z.
How many years of IRS 990 filings does Alpha Home Inc have?
Alpha Home Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $533K in total revenue.
Filing History
IRS 990 filing history for Alpha Home Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Alpha Home Inc's revenue has grown by 118.2%, moving from $197K to $431K. Total assets increased by 71% over the same period, from $3.4M to $5.9M. Total functional expenses rose by 102.8%, from $282K to $571K. In its most recent filing year (2023), Alpha Home Inc reported a deficit of $140K, with expenses exceeding revenue. The organization holds $6.1M in liabilities against $5.9M in assets (debt-to-asset ratio: 103.2%), resulting in net assets of $-186,660.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $431K | $571K | $5.9M | $6.1M | — | — |
| 2022 | $241K | $203K | $5.7M | $5.7M | — | — |
| 2021 | $197K | $282K | $3.4M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $431K, expenses of $571K, and assets of $5.9M (revenue +78.6% year-over-year).
- 2022: Revenue of $241K, expenses of $203K, and assets of $5.7M (revenue +22.1% year-over-year).
- 2021: Revenue of $197K, expenses of $282K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alpha Home Inc:
Data Sources and Methodology
This transparency report for Alpha Home Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.