Alt Finance Corporation

Analysis

Alt Finance Corporation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Alt Finance Corporation reported income of $9.0m and spending of $5.5m, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $9.0m to $9.0m (+0.1%), an average of +0.0% a year. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alt Finance Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Young Womens Christian Association ($9.0m), Sierra View Homes ($9.0m) and Abbey Foundation of Oregon ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $688k (13% of expenses). Other salaries and wages came to $136k. At year end it held assets of $15.0m against liabilities of $1.8m, net assets of $13.2m. It reported 4 employees.