Alma Del Mar Foundation Inc

Analysis

Alma Del Mar Foundation Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in November 2012, 14 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 June 2023, Alma Del Mar Foundation Inc reported income of $6.4m and spending of $5.4m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $6.4m (+269%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 195%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alma Del Mar Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Association for Waldorf Education in San Diego ($6.4m), School-To-School International ($6.4m) and Communities in Schools of Georgia Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 24% of the total. At year end it held assets of $37.0m against liabilities of $29.4m, net assets of $7.6m.