Altoona Area School District Foundation

Analysis

Altoona Area School District Foundation is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Altoona Area School District Foundation reported income of $1.0m and spending of $276k, leaving 73% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $429k to $1.0m (+139%), an average of +24% a year. The sharpest change came in the year to June 2022, when income dropped by 121%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Altoona Area School District Foundation 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 79th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Rhema Christian School ($1.0m), Olentangy Berlin Athletic Boosters ($1.0m) and Blue Ridge Healthcare Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% of the total. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m.