Alamo Trust Inc

Analysis

Alamo Trust Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Alamo Trust Inc reported income of $69.6m and spending of $54.1m, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to August 2023, income grew from $6.2m to $69.6m (+1018%), an average of +62% a year. The sharpest change came in the year to August 2023, when income rose by 958%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alamo Trust Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Universities Space Research Association ($69.6m), Roundabout Theatre Company Inc ($69.9m) and Dr Phillips Center for the Performing Arts Inc ($67.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $507k (0.9% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $37.1m against liabilities of $15.4m, net assets of $21.8m. It reported 194 employees.