Altus Foundation

Analysis

Altus Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Altus Foundation reported income of $665k and spending of $516k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2018 to December 2020, income fell from $1.1m to $665k (-37%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Altus Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include 24 in 24 ($665k), Louis and Abby Faye Dinklage Foundation ($665k) and Conservation and Preservation Charities of America ($664k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $604k against liabilities of $24k, net assets of $580k. It reported 1 employees.