Altamont Housing Inc

Analysis

Altamont Housing Inc is a registered charity in United States, based in Altamont, KS. It received its IRS tax-exemption ruling in August 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Altamont Housing Inc reported income of $106k and spending of $79k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $106k (+4.0%), an average of +4.0% a year. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Altamont Housing Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within KS. Charities of a similar size with the same main cause include United Way of Cecil County ($106k), Eager Beaver Football Club of Beavercreek ($106k) and 100 Black Men of Western Pa Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 91% of the total. At year end it held assets of $269k against liabilities of $6,303, net assets of $263k.