Is Altamont Program Inc Legit?

Quick charity verification for Altamont Program Inc (EIN: 141708881)

Verdict: Altamont Program Inc shows mixed signals

65/100Mission Score
$6.1MRevenue
$3.2MAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Altamont Program Inc. demonstrates a fluctuating financial performance over the past decade. While the organization has maintained significant revenue streams, ranging from $4.2 million to over $10 million, it has frequently operated with expenses exceeding revenue, as seen in 2023 ($6,082,794 expenses vs. $5,922,618 revenue) and 2014 ($11,456,822 expenses vs. $10,441,642 revenue). This pattern suggests a need for tighter financial management to ensure long-term sustainability. The organization's assets have also shown considerable variability, from a low of $1.6 million in 2019 to a high of $4.2 million in 2022, indicating potential challenges in building consistent reserves. The consistent reporting of 0% officer compensation across all available filings is a notable positive for transparency and suggests resources are not being diverted to high executive salaries, though it could also indicate that officers are compensated through other means not captured by this specific metric or that the organization relies heavily on volunteer leadership for its top roles.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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