Altenheim Foundation Inc

Analysis

Altenheim Foundation Inc is a registered charity in United States, based in Strongsville, OH. It received its IRS tax-exemption ruling in December 1990, 36 years ago. 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 December 2023, Altenheim Foundation Inc reported income of $490k and spending of $172k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $490k (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Altenheim Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Louisiana Christian Schools ($490k), Horizon Montessori School ($490k) and Taos Sports Associates Incorporated ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $95k. At year end it held assets of $6.5m against liabilities of $713k, net assets of $5.8m.