Alden Charitable Foundation Inc

Analysis

Alden Charitable Foundation Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Alden Charitable Foundation Inc reported income of $2.1m and spending of $1.4m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $670k to $2.1m (+221%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 148%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alden Charitable Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Community Wireless of Park City Inc ($2.1m), 47 Palmer Inc ($2.1m) and Zeitgeist Center for Arts and Community ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.