Is Altapass Support Inc Legit?

Quick charity verification for Altapass Support Inc (EIN: 202611434)

Verdict: Altapass Support Inc appears trustworthy

85/100Mission Score
$457KRevenue
$2.4MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

Altapass Support Inc. demonstrates consistent financial stability with a positive net income in most recent years, notably in 2019 where revenue of $287,967 exceeded expenses of $270,395. The organization's assets have seen a significant increase, jumping from $503,646 in 2018 to $2,382,705 in 2019, while liabilities remained at $0 in 2019, indicating a strong financial position. The absence of reported officer compensation across all available filings suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive indicator for donor confidence regarding administrative efficiency. While specific program spending ratios are not detailed in the provided data, the consistent positive net revenue in recent years (2019, 2018, 2016, 2013) allows for reinvestment into its mission. The organization's financial health appears robust, with a substantial asset base relative to its annual revenue. The lack of reported liabilities in the latest filing further strengthens its financial standing. Transparency is generally good given the consistent filing of IRS Form 990s. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The zero officer compensation is a notable point for transparency and efficiency.

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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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