Is Altra Foundation Inc Legit?

Altra Foundation Inc demonstrates consistent financial growth and strong fiscal management. Over the past decade, the organization's assets have steadily increased from $101,853 in 2014 to $279,863 in 2023, indicating healthy accumulation of resources. Revenue has also shown a positive trend, with a significant jump from $65,743 in 2022 to $105,928 in 2023, suggesting growing support or successful fundraising efforts. The organization consistently reports zero liabilities, which is a strong indicator of financial stability and responsible debt management. Spending efficiency appears to be robust, as evidenced by the consistent surplus of revenue over expenses in most years, such as in 2023 where revenue was $105,928 against expenses of $61,131. This surplus allows for asset growth and future program investment. The absence of officer compensation reported across all filings is a significant positive for transparency and efficiency, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can reduce administrative overhead. The NTEE code B82 (Credit Unions) suggests a focus on financial services for its community, and the financial data aligns with an organization that is prudently managing its resources to support its mission.