Alphamundi Foundation Inc

Analysis

Alphamundi Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alphamundi Foundation Inc reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $903k to $1.0m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Alphamundi Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 55th percentile within DC. Charities of a similar size with the same main cause include American Friends of Yad Leah Inc ($1.0m), Talent Beyond Boundaries Inc ($1.0m) and Operation Lifeshield Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $226k (21% of expenses). Other salaries and wages came to $88k. At year end it held assets of $692k against liabilities of $259k, net assets of $433k. It reported 1 employees.