Mike Alstott Family Foundation Inc

Analysis

Mike Alstott Family Foundation Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in July 2007, 19 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 December 2023, Mike Alstott Family Foundation Inc reported income of $131k and spending of $164k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $131k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mike Alstott Family Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Rhinebeck Community Nursery School ($131k), Reedsburg Area Food Pantry Inc ($131k) and Community Childrens Home Inc ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 224% of the total. At year end it held assets of $13k against liabilities of $36k, net assets of -$23k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.