Apt Foundation

Analysis

Apt Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Apt Foundation reported income of $2.8m and spending of $3.4m, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $2.8m (+2.2%), an average of +0.5% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Apt Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include San Jacinto Christian Academy ($2.8m), Scholars Academy Sunnyslope ($2.8m) and Arkansas Center for Data Sciences ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.5m against liabilities of $100k, net assets of $1.4m.