Alternatives Incorporated
EIN: 540948440 · Hampton, VA · NTEE: P46Z
Is Alternatives Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Alternatives Incorporated
Alternatives Incorporated (EIN: 540948440) is a nonprofit organization based in Hampton, VA, classified under NTEE code P46Z. The organization reported total revenue of $859K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alternatives Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alternatives Incorporated is a small nonprofit that has been operating for 52 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-119,805 |
| Total Assets | $967K |
| Total Liabilities | $133K |
| Net Assets | $834K |
| Operating Margin | -9.8% |
| Debt-to-Asset Ratio | 13.8% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2024, Alternatives Incorporated reported a deficit of $120K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 13.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Alternatives Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -25.6% | -5.9% | -15.3% |
| 2023 | +35.4% | +25.7% | +43.2% |
| 2022 | +11.2% | +20.0% | +15.6% |
| 2021 | -13.6% | -23.4% | -5.0% |
| 2020 | -26.2% | -21.4% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Alternatives Incorporated 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 Alternatives Incorporated 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $120K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.8%.
Frequently Asked Questions about Alternatives Incorporated
Is Alternatives Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Alternatives Incorporated (EIN: 540948440) insufficient data. 0 red flags identified, 0 strengths noted.
How does Alternatives Incorporated spend its money?
Detailed spending breakdown data is not yet available for Alternatives Incorporated. Check back for updated IRS 990 analysis.
Are donations to Alternatives Incorporated tax-deductible?
Alternatives Incorporated is registered as a tax-exempt nonprofit (EIN: 540948440). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Alternatives Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Alternatives Incorporated's revenue has grown by 24.1%, moving from $987K to $1.2M. Total assets increased by 390.3% over the same period, from $197K to $967K. Total functional expenses rose by 33.1%, from $1.0M to $1.3M. In its most recent filing year (2024), Alternatives Incorporated reported a deficit of $120K, with expenses exceeding revenue. The organization holds $133K in liabilities against $967K in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $834K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $1.3M | $967K | $133K | — | — |
| 2023 | $1.6M | $1.4M | $1.1M | $188K | — | View 990 |
| 2022 | $1.2M | $1.1M | $798K | $60K | — | View 990 |
| 2021 | $1.1M | $948K | $690K | $30K | — | View 990 |
| 2020 | $1.3M | $1.2M | $726K | $219K | — | View 990 |
| 2019 | $1.7M | $1.6M | $678K | $135K | — | View 990 |
| 2018 | $1.7M | $1.6M | $522K | $118K | — | View 990 |
| 2017 | $1.6M | $1.5M | $461K | $143K | — | View 990 |
| 2016 | $1.2M | $1.3M | $297K | $102K | — | View 990 |
| 2015 | $1.4M | $1.2M | $315K | $104K | — | View 990 |
| 2014 | $1.1M | $1.1M | $194K | $168K | — | View 990 |
| 2013 | $987K | $1.1M | $180K | $130K | — | View 990 |
| 2012 | $1.0M | $1.0M | $175K | $59K | — | View 990 |
| 2011 | $987K | $1.0M | $197K | $123K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.2M, expenses of $1.3M, and assets of $967K (revenue -25.6% year-over-year).
- 2023: Revenue of $1.6M, expenses of $1.4M, and assets of $1.1M (revenue +35.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $798K (revenue +11.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $948K, and assets of $690K (revenue -13.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $726K (revenue -26.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.6M, and assets of $678K (revenue +2.4% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $522K (revenue +2.2% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $461K (revenue +31.4% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $297K (revenue -7.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $315K (revenue +26.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $194K (revenue +8.3% year-over-year).
- 2013: Revenue of $987K, expenses of $1.1M, and assets of $180K (revenue -6.0% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.0M, and assets of $175K (revenue +6.4% year-over-year).
- 2011: Revenue of $987K, expenses of $1.0M, and assets of $197K.
Data Sources and Methodology
This transparency report for Alternatives Incorporated 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.