Altair Aco

Analysis

Altair Aco is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Altair Aco reported income of $599k and spending of $611k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $742k to $599k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Altair Aco sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Suda Institute ($598k), Hill Country Ride for AIDS Inc ($599k) and Elijahs Mens Home Inc ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $247k (40% of expenses). At year end it held assets of $306k against liabilities of $148k, net assets of $158k.