Altrusa International Foundation Inc

Analysis

Altrusa International Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1985, 41 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 May 2023, Altrusa International Foundation Inc reported income of $68k and spending of $730k, spending 1069% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $475k to $68k (-86%), an average of -38% a year. The sharpest change came in the year to May 2021, when income rose by 104%. Over the whole period it spent 190% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Altrusa International Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Ohio Nurses Foundation ($68k), Harding School Foundation Inc ($68k) and Ming Hui School Inc ($68k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 270% of the total. Compensation of current officers, directors and key employees was $104k (14% of expenses). Other salaries and wages came to $55k. At year end it held assets of $3.5m against liabilities of $24k, net assets of $3.5m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.