Alma Area Foundation

Analysis

Alma Area Foundation is a registered charity in United States, based in Alma, KS. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Alma Area Foundation reported income of $60k and spending of $43k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $86k to $60k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alma Area Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within KS. Charities of a similar size with the same main cause include Normandy High School Alumni Association Inc ($60k), Lighthouse Christian Homeschool Association ($60k) and Wild Cat Foundation ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.