Altamont Program Inc

Analysis

Altamont Program Inc is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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, Altamont Program Inc reported income of $5.9m and spending of $6.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $5.9m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Altamont Program Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Chicago Academy for the Arts ($5.9m), Giving the Basics Inc ($5.9m) and Ross Training Center Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $88k (1.4% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $3.6m against liabilities of $4.0m, net assets of -$361k. It reported 186 employees.