Altiora Fund

Analysis

Altiora Fund is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Altiora Fund reported income of $1.1m and spending of $511k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $619k to $1.1m (+71%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Altiora Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Providence Christian Academy ($1.1m), Bible Seminary ($1.1m) and Northern Oklahoma College Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $14.2m against liabilities of $422k, net assets of $13.8m.