Alta Good Deeds Foundation

Analysis

Alta Good Deeds Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alta Good Deeds Foundation reported income of $275k and spending of $336k, spending 122% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $509k to $275k (-46%), an average of -19% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alta Good Deeds Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 34th percentile within DC. Charities of a similar size with the same main cause include Seward Neighborhood Group ($274k), Wake Forest Area Chamber Foundation ($275k) and St Paul School Educational Foundation ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $484k against liabilities of $136k, net assets of $348k.