Is Altiora Fund Legit?

Quick charity verification for Altiora Fund (EIN: 201992844)

Verdict: Altiora Fund appears trustworthy

90/100Mission Score

$4.9MRevenue

$14.8MAssets

1Red Flags

5Strengths

Red Flags

Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting granular spending efficiency analysis.

Strengths

Consistent asset growth, from $9,046,438 in 2015 to $14,246,763 in 2023.
Extremely low liabilities relative to assets, indicating strong financial stability.
0% reported officer compensation across all filings, suggesting high dedication to mission and efficient use of funds.
Stable and relatively low annual expenses, demonstrating efficient operational management.
Healthy revenue generation, with latest revenue at $4,916,082 and annual revenues often exceeding $1 million.

Spending Breakdown

How Altiora Fund allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Altiora Fund

Is Altiora Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Altiora Fund (EIN: 201992844) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Altiora Fund a good charity to donate to?

Altiora Fund has a Mission Score of 90/100. Revenue: $4.9M. Assets: $14.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Altiora Fund?

The Employer Identification Number (EIN) for Altiora Fund is 201992844. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Altiora Fund spend its money?

Altiora Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Altiora Fund's tax-exempt status?

You can verify Altiora Fund's tax-exempt status using EIN 201992844 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Altiora Fund demonstrates a consistent pattern of strong financial health, with assets steadily growing from $9,046,438 in 2015 to $14,246,763 in 2023. The organization consistently maintains a healthy asset-to-liability ratio, indicating strong financial stability. Revenue has fluctuated year-to-year, with a notable peak of $1,980,649 in 2022, but expenses have remained relatively stable, typically ranging between $476,454 and $574,673 annually. This suggests efficient operational management relative to their revenue streams.

The organization's spending efficiency appears robust, as evidenced by their consistent low expense levels compared to their revenue and asset base. For instance, in 2023, with revenue of $1,058,880, expenses were only $510,727, indicating a significant portion of revenue is retained or directed towards future programs and asset growth. The absence of reported officer compensation across all filings is a significant indicator of transparency and a commitment to directing resources towards the mission rather than executive salaries. This practice, while unusual, suggests a volunteer-led or externally funded leadership structure.

Overall, Altiora Fund exhibits strong financial management, a conservative spending approach, and a high degree of transparency regarding executive compensation. Their consistent asset growth and low liability profile point to a well-managed and financially secure organization. The lack of detailed program, administrative, and fundraising expense breakdowns in the provided data limits a more granular assessment of spending efficiency, but the overall financial picture is positive.

View Full Transparency Report →

Disclaimer

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