Altapass Foundation Inc

Analysis

Altapass Foundation Inc is a registered charity in United States, based in Spruce Pine, NC. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Altapass Foundation Inc reported income of $697k and spending of $564k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $697k (+338%), an average of +45% a year. The sharpest change came in the year to December 2021, when income rose by 938%. Over the whole period it spent 84% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Altapass Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Greater Gallatin Watershed Council ($696k), Land Trust of Santa Clara Valley ($697k) and Northwest Arkansas Land Trust ($696k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. Other salaries and wages came to $340k. At year end it held assets of $3.8m against liabilities of $15k, net assets of $3.8m. It reported 27 employees.