Altru Health Foundation

Analysis

Altru Health Foundation is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in April 1983, 43 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, Altru Health Foundation reported income of $6.3m and spending of $4.3m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $6.3m (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Altru Health Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within ND. Charities of a similar size with the same main cause include Womens Prison Association and Home ($6.3m), Los Rios Foundation ($6.3m) and Triangle Day School Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $606k. It paid $236k in professional fundraising fees. At year end it held assets of $19.4m against liabilities of $22k, net assets of $19.4m. It reported 12 employees.