Alveus Sanctuary Inc

Analysis

Alveus Sanctuary Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Alveus Sanctuary Inc reported income of $849k and spending of $528k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $763k to $849k (+11%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 51% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Alveus Sanctuary Inc 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 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Lycoming County Society for the Prevention of Cruelty to Animals ($849k), Help Asheville Bears ($849k) and Odd Man Inn Animal Refuge ($848k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.7% of the total. Other salaries and wages came to $187k. At year end it held assets of $944k against liabilities of $2,116, net assets of $942k. It reported 6 employees.