Horatio Alger Association of Distinguished Americans Inc

Analysis

Horatio Alger Association of Distinguished Americans Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in October 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Horatio Alger Association of Distinguished Americans Inc reported income of $31.1m and spending of $29.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.8m to $31.1m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horatio Alger Association of Distinguished Americans Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Transcend Inc ($31.0m), Codepath Org ($31.1m) and Benjamin Franklin Charter School - Queen Creek ($31.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $1.4m (4.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $40.8m against liabilities of $24.1m, net assets of $16.7m. It reported 14 employees.