Almeida Foundation Inc

Analysis

Almeida Foundation Inc is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Almeida Foundation Inc reported income of $166k and spending of $155k, spending 94% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $4,620 to $166k (+3495%), an average of +145% a year. The sharpest change came in the year to March 2024, when income rose by 2677%. Over the whole period it spent 154% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Almeida Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Ranchland Trust of Kansas Inc ($166k), A-Train for Youth ($166k) and Highland County Homeless Shelter ($166k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $853k against liabilities of $0, net assets of $853k.