Remember the Alamo Foundation

Analysis

Remember the Alamo Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Remember the Alamo Foundation reported income of $29.7m and spending of $10.9m, leaving 63% of income unspent that year. Across the 6 years on record, from June 2019 to August 2023, income grew from $389k to $29.7m (+7540%), an average of +138% a year. The sharpest change came in the year to June 2022, when income rose by 6039%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Remember the Alamo Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include California Association for Research in Astronomy ($29.6m), Portland Art Museum ($29.7m) and Center for the Collaborative Classroom ($29.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Other salaries and wages came to $2,997. It paid $165k in professional fundraising fees. At year end it held assets of $30.4m against liabilities of $1.2m, net assets of $29.3m.