Alta Charitable Foundation

Analysis

Alta Charitable Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2022, 4 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 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 Charitable Foundation reported income of $73k and spending of $41k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $73k (+168%), an average of +168% a year. The sharpest change came in the year to December 2023, when income rose by 168%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alta Charitable Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Utica Community Schools Foundation for Educational Excellence ($73k), Restaurant Giving Circle Inc ($74k) and Adelante Story Foundation ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.