Alcor Life Extension Foundation Inc

Analysis

Alcor Life Extension Foundation Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Alcor Life Extension Foundation Inc reported income of $5.7m and spending of $3.9m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $5.7m (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 365%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alcor Life Extension Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Nido & Mariana Qubein Childrens Museum ($5.7m), Theatre Squared Inc ($5.7m) and 1001 Colors ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $415k (11% of expenses). Other salaries and wages came to $1.0m. It paid $29 in professional fundraising fees. At year end it held assets of $30.6m against liabilities of $20.2m, net assets of $10.3m. It reported 22 employees.