Altamira Foundation
Altamira Foundation shows asset growth but recent operating deficits and no reported officer compensation.
EIN: 207190733 · Westwood, MA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.7M |
| Total Expenses | $849K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $18,621,143 |
| Net Assets | $16.2M |
| Transparency Score | 70/100 |
Search Intent Cockpit
Altamira Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Altamira Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Altamira Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $565K and expenses of $849K.
Revenue and Expenses
Altamira Foundation reported $565K in revenue and $849K in expenses, a deficit of $284K.
Executive Compensation
Top officer compensation appears as $18,621,143 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Altamira Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $637K (75%) |
Across stored filings, Altamira Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Altamira Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Altamira Foundation
Altamira Foundation (EIN: 207190733) is a nonprofit organization based in Westwood, MA, classified under NTEE code T20. The organization reported total revenue of $9.7M and total assets of $18.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Altamira Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Altamira Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $565K |
| Total Expenses | $849K |
| Surplus / Deficit | $-284,280 |
| Total Assets | $16.2M |
| Total Liabilities | $1 |
| Net Assets | $16.2M |
| Operating Margin | -50.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 228.3 months |
Financial Health Grade: B
In 2023, Altamira Foundation reported a deficit of $284K with expenses exceeding revenue, holds 228.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Altamira Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.5% | -26.8% | -1.7% |
| 2022 | -78.2% | +57.4% | -5.5% |
| 2021 | +58.1% | -21.8% | +14.7% |
| 2020 | -48.6% | -18.3% | +3.7% |
| 2019 | +22.0% | +98.8% | +184.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Altamira Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Altamira Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $284K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Altamira Foundation consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with assets of $18,621,143 and annual revenues reaching nearly $3 million in some years. This could indicate a fully volunteer executive team or that executive compensation is categorized differently and not explicitly reported as 'Officer Comp' in the provided data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Altamira Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $849,284 vs. revenue $565,004)
- Unusually low or nominal liability reporting ($1 across multiple years)
- 0% reported officer compensation for an organization with significant assets and revenue, raising questions about executive structure or reporting completeness.
Strengths
The following positive indicators were identified for Altamira Foundation:
- Significant asset growth over time, from $1,979,537 in 2011 to $18,621,143 currently.
- Demonstrated ability to generate substantial revenue in certain years (e.g., $3,647,293 in 2019, $2,962,608 in 2021).
- Long filing history (10 filings), indicating sustained operation.
Frequently Asked Questions about Altamira Foundation
Is Altamira Foundation a legitimate charity?
Altamira Foundation (EIN: 207190733) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $9.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Altamira Foundation spend its money?
Altamira Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Altamira Foundation tax-deductible?
Altamira Foundation is registered as a tax-exempt nonprofit (EIN: 207190733). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Altamira Foundation CEO make?
Altamira Foundation's highest-compensated officer earns $18,621,143 annually. The organization reported $9.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Altamira Foundation's spending goes to programs?
Altamira Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Altamira Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Altamira Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Altamira Foundation located?
Altamira Foundation is headquartered in Westwood, Massachusetts and files with the IRS under EIN 207190733. It is classified under NTEE code T20.
How many years of IRS 990 filings does Altamira Foundation have?
Altamira Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.7M in total revenue.
Why does Altamira Foundation consistently report $1 in liabilities?
The consistent reporting of $1 in liabilities across most recent filings, and $0 in 2011, is highly unusual for an organization with significant assets and expenses. This could indicate an error in reporting, a specific accounting practice, or that certain liabilities are not being fully disclosed or categorized as such in the provided summary data.
How does Altamira Foundation cover its operating deficits in recent years?
In 2023 and 2022, the organization's expenses ($849,284 and $1,160,812 respectively) exceeded its revenue ($565,004 and $645,826 respectively). This suggests the foundation is drawing from its accumulated assets or investment income to cover operational costs, rather than relying solely on current year contributions.
What is the nature of Altamira Foundation's executive leadership given 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization may be run by an entirely volunteer executive team, or that executive services are provided pro bono, or that compensation is paid through a related entity or categorized under other expenses not detailed in the 'Officer Comp' field.
Filing History
IRS 990 filing history for Altamira Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Altamira Foundation's revenue has grown by 30%, moving from $435K to $565K. Total assets increased by 716.3% over the same period, from $2.0M to $16.2M. Total functional expenses rose by 262.3%, from $234K to $849K. In its most recent filing year (2023), Altamira Foundation reported a deficit of $284K, with expenses exceeding revenue. The organization holds $1 in liabilities against $16.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $16.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $565K | $849K | $16.2M | $1 | — | View 990 |
| 2022 | $646K | $1.2M | $16.4M | $1 | — | View 990 |
| 2021 | $3.0M | $738K | $17.4M | $1 | — | View 990 |
| 2020 | $1.9M | $943K | $15.2M | $1 | — | View 990 |
| 2019 | $3.6M | $1.2M | $14.6M | $1 | — | View 990 |
| 2015 | $3.0M | $581K | $5.2M | $1 | — | View 990 |
| 2014 | $1.2M | $405K | $3.7M | $1 | — | View 990 |
| 2013 | $1.5M | $369K | $2.9M | $1 | — | View 990 |
| 2012 | $306K | $177K | $1.8M | $1 | — | View 990 |
| 2011 | $435K | $234K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $565K, expenses of $849K, and assets of $16.2M (revenue -12.5% year-over-year).
- 2022: Revenue of $646K, expenses of $1.2M, and assets of $16.4M (revenue -78.2% year-over-year).
- 2021: Revenue of $3.0M, expenses of $738K, and assets of $17.4M (revenue +58.1% year-over-year).
- 2020: Revenue of $1.9M, expenses of $943K, and assets of $15.2M (revenue -48.6% year-over-year).
- 2019: Revenue of $3.6M, expenses of $1.2M, and assets of $14.6M (revenue +22.0% year-over-year).
- 2015: Revenue of $3.0M, expenses of $581K, and assets of $5.2M (revenue +148.6% year-over-year).
- 2014: Revenue of $1.2M, expenses of $405K, and assets of $3.7M (revenue -19.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $369K, and assets of $2.9M (revenue +386.0% year-over-year).
- 2012: Revenue of $306K, expenses of $177K, and assets of $1.8M (revenue -29.6% year-over-year).
- 2011: Revenue of $435K, expenses of $234K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Altamira Foundation:
Data Sources and Methodology
This transparency report for Altamira Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.