Alamito Foundation

Analysis

Alamito Foundation is a registered charity in United States, based in Missouri City, TX. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Alamito Foundation reported income of $128k and spending of $111k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $128k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alamito Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Circles Rva Inc ($127k), Oak View Parent Teacher Organization ($128k) and Al Nour Center Inc ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $22k, net assets of -$8,527.