Altura Foundation

Analysis

Altura Foundation is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in March 1995, 31 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 December 2023, Altura Foundation reported income of $296k and spending of $141k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $331k to $296k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Altura Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Literacy Network of South Berkshire Inc ($296k), Angel Hearts Childcare Ministry 2 Inc ($296k) and Project Chazon Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $6.0m against liabilities of $0, net assets of $6.0m.