Alpha Beta Foundation

Analysis

Alpha Beta Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Alpha Beta Foundation reported income of $62k and spending of $18k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $62k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpha Beta Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Beta Phi Educational Foundation Corporation ($62k), Mabel Padgett PTO Incorporated ($62k) and Native Plant Horticulture Institute ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.