Alterman Foundation

Analysis

Alterman Foundation is a registered charity in United States, based in Live Oak, TX. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Alterman Foundation reported income of $120k and spending of $158k, spending 132% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $139k to $120k (-14%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alterman Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Mommys Heart Inc ($120k), Colorado 1000 ($120k) and Patrick B Roche Memorial Fund Foundation ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 138% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.