Altamont School

Analysis

Altamont School is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Altamont School reported income of $8.9m and spending of $8.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.9m (+22%), an average of +5.0% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Altamont School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Northeast Ohio College Preparatory School ($8.9m), Clackamas Charter Alliance ($8.9m) and Falmouth Academy Incorporated ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $24.9m against liabilities of $5.3m, net assets of $19.6m. It reported 117 employees.