Altruistic

Analysis

Altruistic is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Altruistic reported income of $815k and spending of $814k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $815k (+202%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 158%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Altruistic 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 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include FPCRC Inc ($815k), Northeast Florida Builders Association Builders Care Inc ($815k) and Calypso Farm and Ecology Center ($815k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $68k (8.4% of expenses). Other salaries and wages came to $346k. At year end it held assets of $121k against liabilities of $540k, net assets of -$419k. It reported 40 employees.