Altus Math

Analysis

Altus Math is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Altus Math reported income of $747k and spending of $547k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $319k to $747k (+134%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 530%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Altus Math sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include United States Racquetball Association ($747k), Lake Minnetonka Sailing School Inc ($747k) and Quad City Hockey Association ($746k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $54k (9.9% of expenses). Other salaries and wages came to $85k. At year end it held assets of $443k against liabilities of $63k, net assets of $379k. It reported 27 employees.