Altapass Support Inc
Altapass Support Inc. shows strong asset growth and no reported officer compensation, maintaining financial stability.
EIN: 202611434 · Spruce Pine, NC · NTEE: C11 · Updated: 2026-03-28
Is Altapass Support Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Altapass Support Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Altapass Support Inc
Altapass Support Inc (EIN: 202611434) is a nonprofit organization based in Spruce Pine, NC, classified under NTEE code C11. The organization reported total revenue of $457K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Altapass Support Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Altapass Support Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Altapass Support Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Altapass Support Inc. has consistently reported 0% officer compensation across all nine available filings, indicating that its leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is highly favorable for donor perception of efficiency.
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.
Strengths
The following positive indicators were identified for Altapass Support Inc:
- Significant asset growth from $503,646 in 2018 to $2,382,705 in 2019, indicating strong financial health.
- Zero reported officer compensation across all nine filings, suggesting high efficiency and volunteer-driven leadership.
- Consistent positive net revenue in recent years (e.g., $17,572 in 2019, $57,295 in 2018), allowing for mission reinvestment.
- No reported liabilities in the latest filing (2019), demonstrating a very strong balance sheet.
- Consistent filing of IRS Form 990s, indicating good transparency.
Frequently Asked Questions about Altapass Support Inc
Is Altapass Support Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Altapass Support Inc (EIN: 202611434) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Altapass Support Inc spend its money?
Altapass Support Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Altapass Support Inc tax-deductible?
Altapass Support Inc is registered as a tax-exempt nonprofit (EIN: 202611434). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in assets from $503,646 in 2018 to $2,382,705 in 2019?
The provided data does not specify the reason for this substantial asset increase, but it could be due to a large donation, endowment growth, or acquisition of property/investments.
How does Altapass Support Inc. manage to operate without reporting any officer compensation?
The organization likely relies on volunteer leadership or compensates its officers below the IRS reporting threshold for Form 990, which is a strong indicator of cost-efficiency.
What are the specific programs Altapass Support Inc. funds with its revenue?
The NTEE code C11 indicates 'Support for the Arts, Culture, and Humanities', suggesting programs related to these areas, but specific program details are not available in the provided financial summary.
Filing History
IRS 990 filing history for Altapass Support Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Altapass Support Inc's revenue has grown by 26.4%, moving from $228K to $288K. Total assets increased by 481.5% over the same period, from $410K to $2.4M. Total functional expenses rose by 2.7%, from $263K to $270K. In its most recent filing year (2019), Altapass Support Inc reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2019 | $288K | $270K | $2.4M | $0 | — | View 990 |
| 2018 | $362K | $304K | $504K | $66K | — | View 990 |
| 2017 | $300K | $329K | $449K | $69K | — | — |
| 2016 | $451K | $402K | $418K | $9K | — | View 990 |
| 2015 | $310K | $349K | $370K | $0 | — | View 990 |
| 2014 | $281K | $296K | $409K | $0 | — | View 990 |
| 2013 | $273K | $265K | $384K | $0 | — | View 990 |
| 2012 | $201K | $235K | $376K | $0 | — | View 990 |
| 2011 | $228K | $263K | $410K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $288K, expenses of $270K, and assets of $2.4M (revenue -20.4% year-over-year).
- 2018: Revenue of $362K, expenses of $304K, and assets of $504K (revenue +20.5% year-over-year).
- 2017: Revenue of $300K, expenses of $329K, and assets of $449K (revenue -33.4% year-over-year).
- 2016: Revenue of $451K, expenses of $402K, and assets of $418K (revenue +45.5% year-over-year).
- 2015: Revenue of $310K, expenses of $349K, and assets of $370K (revenue +10.4% year-over-year).
- 2014: Revenue of $281K, expenses of $296K, and assets of $409K (revenue +2.8% year-over-year).
- 2013: Revenue of $273K, expenses of $265K, and assets of $384K (revenue +35.7% year-over-year).
- 2012: Revenue of $201K, expenses of $235K, and assets of $376K (revenue -11.8% year-over-year).
- 2011: Revenue of $228K, expenses of $263K, and assets of $410K.
Data Sources and Methodology
This transparency report for Altapass Support Inc 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.