Alpha One
Alpha One shows consistent revenue growth and healthy financial surpluses over the past decade.
EIN: 10368096 · South Portland, ME · NTEE: P44Z · Updated: 2026-03-28
Is Alpha One Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alpha One directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alpha One
Alpha One (EIN: 10368096) is a nonprofit organization based in South Portland, ME, classified under NTEE code P44Z. The organization reported total revenue of $43.6M and total assets of $23.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alpha One's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alpha One with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Alpha One allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Alpha One consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership or compensation is reported under other expense categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alpha One's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this scale, which might indicate compensation is categorized differently or leadership is entirely volunteer-based, warranting further investigation into compensation practices.
Strengths
The following positive indicators were identified for Alpha One:
- Consistent and substantial revenue growth, from $3.6M in 2014 to $29.7M in 2023.
- Healthy operating surpluses in most years, indicating sound financial management (e.g., $1.6M surplus in 2023).
- Strong asset growth, with assets increasing from $0.99M in 2014 to $16.6M in 2023, improving financial stability.
- Positive asset-to-liability ratio, demonstrating a strong balance sheet (e.g., 2.13:1 in 2023).
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Alpha One
Is Alpha One a legitimate charity?
Based on AI analysis of IRS 990 filings, Alpha One (EIN: 10368096) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Alpha One spend its money?
Alpha One directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alpha One tax-deductible?
Alpha One is registered as a tax-exempt nonprofit (EIN: 10368096). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Alpha One a good charity?
Based on the provided financial data, Alpha One appears to be a financially healthy and well-managed charity, demonstrating consistent revenue growth and operating surpluses. The absence of reported officer compensation is a notable positive for efficiency.
How has Alpha One's revenue grown over time?
Alpha One has experienced significant revenue growth, increasing from $3,632,579 in 2014 to $29,763,880 in 2023, representing an almost tenfold increase in less than a decade.
What is Alpha One's asset-to-liability ratio?
In 2023, Alpha One's assets were $16,612,335 and liabilities were $7,789,842, resulting in an asset-to-liability ratio of approximately 2.13:1, indicating a strong financial position.
Does Alpha One spend efficiently?
Alpha One consistently operates with a surplus, for example, in 2023, revenue of $29,763,880 exceeded expenses of $28,147,573. This suggests efficient management of resources relative to its operations.
Filing History
IRS 990 filing history for Alpha One showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alpha One's revenue has grown by 772.4%, moving from $3.4M to $29.8M. Total assets increased by 1607% over the same period, from $973K to $16.6M. Total functional expenses rose by 736%, from $3.4M to $28.1M. In its most recent filing year (2023), Alpha One reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $7.8M in liabilities against $16.6M in assets (debt-to-asset ratio: 46.9%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $29.8M | $28.1M | $16.6M | $7.8M | — | View 990 |
| 2022 | $23.3M | $20.4M | $14.6M | $7.4M | — | View 990 |
| 2021 | $22.1M | $20.2M | $10.7M | $6.4M | — | View 990 |
| 2020 | $17.6M | $16.5M | $8.8M | $6.3M | — | View 990 |
| 2019 | $14.7M | $13.6M | $6.9M | $5.5M | — | View 990 |
| 2018 | $14.3M | $12.6M | $4.2M | $3.8M | — | View 990 |
| 2017 | $10.3M | $10.1M | $2.7M | $4.1M | — | View 990 |
| 2016 | $3.6M | $3.8M | $1.2M | $2.7M | — | View 990 |
| 2015 | $3.9M | $4.0M | $1.2M | $2.4M | — | View 990 |
| 2014 | $3.6M | $3.7M | $991K | $2.2M | — | View 990 |
| 2013 | $3.9M | $3.9M | $757K | $1.8M | — | View 990 |
| 2012 | $3.3M | $3.3M | $734K | $1.7M | — | View 990 |
| 2011 | $3.4M | $3.4M | $973K | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.8M, expenses of $28.1M, and assets of $16.6M (revenue +27.7% year-over-year).
- 2022: Revenue of $23.3M, expenses of $20.4M, and assets of $14.6M (revenue +5.5% year-over-year).
- 2021: Revenue of $22.1M, expenses of $20.2M, and assets of $10.7M (revenue +25.8% year-over-year).
- 2020: Revenue of $17.6M, expenses of $16.5M, and assets of $8.8M (revenue +19.7% year-over-year).
- 2019: Revenue of $14.7M, expenses of $13.6M, and assets of $6.9M (revenue +2.8% year-over-year).
- 2018: Revenue of $14.3M, expenses of $12.6M, and assets of $4.2M (revenue +38.1% year-over-year).
- 2017: Revenue of $10.3M, expenses of $10.1M, and assets of $2.7M (revenue +186.6% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.8M, and assets of $1.2M (revenue -7.6% year-over-year).
- 2015: Revenue of $3.9M, expenses of $4.0M, and assets of $1.2M (revenue +7.5% year-over-year).
- 2014: Revenue of $3.6M, expenses of $3.7M, and assets of $991K (revenue -5.9% year-over-year).
- 2013: Revenue of $3.9M, expenses of $3.9M, and assets of $757K (revenue +16.8% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.3M, and assets of $734K (revenue -3.1% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.4M, and assets of $973K.
Data Sources and Methodology
This transparency report for Alpha One 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.