Altus Residential Inc

Analysis

Altus Residential Inc is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Altus Residential Inc reported income of $903k and spending of $872k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $955k to $903k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to September 2020, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Altus Residential Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within AL. Charities of a similar size with the same main cause include Christ Centered Homes Inc ($903k), McQuade Foundation ($903k) and Union Gospel Mission of Grays Harbor ($903k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $419k. At year end it held assets of $634k against liabilities of $12k, net assets of $622k. It reported 58 employees.