Alma

Analysis

Alma is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Alma reported income of $186k and spending of $181k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $169k to $186k (+9.6%), an average of +9.6% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alma sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NM. Charities of a similar size with the same main cause include Region 30 Uil Music ($186k), Chestatee High School Band Booster ($186k) and Music to the Ears Foundation ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. At year end it held assets of $34k against liabilities of $3,156, net assets of $31k.