Altrua Ministries

Analysis

Altrua Ministries is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2014, 12 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, Altrua Ministries reported income of $19.4m and spending of $20.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.2m to $19.4m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Altrua Ministries sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Woodlawn Foundation ($19.4m), Foundation for a Christian Civilization Inc ($19.7m) and Family Legacy Missions International ($19.4m).

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 $2.1m (10% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.0m against liabilities of $2.5m, net assets of $3.5m. It reported 10 employees.