Altus Academy

Analysis

Altus Academy is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2012, 14 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 June 2023, Altus Academy reported income of $1.0m and spending of $722k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $735k to $1.0m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 154%. 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, Altus Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Cup of Cold Water Ministries ($1.0m), Mercer and McLean Counties Commission on Aging ($1.0m) and Master Plan Ministries Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $136k (19% of expenses). Other salaries and wages came to $335k. At year end it held assets of $1.1m against liabilities of $74k, net assets of $1.0m. It reported 13 employees.