Alpfa Foundation Inc

Analysis

Alpfa Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Alpfa Foundation Inc reported income of $10.9m and spending of $8.7m, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $404k to $10.9m (+2592%), an average of +200% a year. The sharpest change came in the year to December 2023, when income rose by 666%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpfa Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include American College of Sports Medicine Inc ($10.9m), Trivium Academy of Classical Education ($10.9m) and Royal Live Oaks Academy-Ridgeland ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $807k (9.2% of expenses). Other salaries and wages came to $1.0m. It paid $35k in professional fundraising fees. At year end it held assets of $6.0m against liabilities of $2.8m, net assets of $3.2m. It reported 16 employees.