Altar Global Inc

Analysis

Altar Global Inc is a registered charity in United States, based in Kannapolis, NC. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Altar Global Inc reported income of $1.2m and spending of $829k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $931k to $1.2m (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Altar Global Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Worldharvest ($1.2m), The Freedom Tour Inc ($1.2m) and St Francis Springs Prayer Center Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $475k. At year end it held assets of $1.1m against liabilities of $610k, net assets of $539k. It reported 7 employees.