Alterra Mountain Company Community Foundation

Analysis

Alterra Mountain Company Community Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2021, 5 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 July 2023, Alterra Mountain Company Community Foundation reported income of $3.2m and spending of $835k, leaving 74% of income unspent that year. Across the 3 years on record, from July 2021 to July 2023, income grew from $2.6m to $3.2m (+24%), an average of +12% a year. The sharpest change came in the year to July 2023, when income rose by 28565%. Over the whole period it spent 28% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alterra Mountain Company Community Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Feed and Instruct the Hungry Neighborhood Center Inc ($3.2m), Red River Valley Community Action ($3.2m) and USA Cricket ($3.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $181k (22% of expenses). At year end it held assets of $4.2m against liabilities of $21k, net assets of $4.2m.