Alpha Tau Omega Foundation

Analysis

Alpha Tau Omega Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1973, 53 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, Alpha Tau Omega Foundation reported income of $4.1m and spending of $2.4m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.1m (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alpha Tau Omega Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Dream of Wild Health ($4.1m), Boy Scouts of America ($4.1m) and Challis Area Health Center ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $89k (3.8% of expenses). It paid $28k in professional fundraising fees. At year end it held assets of $23.1m against liabilities of $380k, net assets of $22.7m. It reported 2 employees.