Altruisity Foundation Inc

Analysis

Altruisity Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, Altruisity Foundation Inc reported income of $267k and spending of $1.1m, spending 394% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.7m to $267k (-84%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 197% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Altruisity Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Sheridan Foster Parent Exchange ($267k), Waushara County Food Pantry ($267k) and Hikmah Education Center ($267k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.

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.