Altar Global Inc
EIN: 862387693 · Kannapolis, NC · NTEE: X20
Is Altar Global Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Altar Global Inc
Altar Global Inc (EIN: 862387693) is a nonprofit organization based in Kannapolis, NC, classified under NTEE code X20. The organization reported total revenue of $718K and total assets of $917K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Altar Global Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Altar Global Inc is a small nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 30.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $829K |
| Surplus / Deficit | +$384K |
| Total Assets | $1.1M |
| Total Liabilities | $610K |
| Net Assets | $539K |
| Operating Margin | 31.7% |
| Debt-to-Asset Ratio | 53.1% |
| Months of Reserves | 16.6 months |
Financial Health Grade: A
In 2023, Altar Global Inc reported a surplus of $384K with revenue exceeding expenses, holds 16.6 months of operating reserves (strong position), has a debt-to-asset ratio of 53.1% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Altar Global Inc's revenue has grown at a compound annual growth rate (CAGR) of 30.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.3% | -21.5% | +323.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Altar Global Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Altar Global Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $384K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.1%.
Frequently Asked Questions about Altar Global Inc
Is Altar Global Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Altar Global Inc (EIN: 862387693) insufficient data. 0 red flags identified, 0 strengths noted.
How does Altar Global Inc spend its money?
Detailed spending breakdown data is not yet available for Altar Global Inc. Check back for updated IRS 990 analysis.
Are donations to Altar Global Inc tax-deductible?
Altar Global Inc is registered as a tax-exempt nonprofit (EIN: 862387693). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Altar Global Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Altar Global Inc's revenue has grown by 30.3%, moving from $931K to $1.2M. Total assets increased by 323.2% over the same period, from $272K to $1.1M. Total functional expenses fell by 21.5%, from $1.1M to $829K. In its most recent filing year (2023), Altar Global Inc reported a surplus of $384K, with revenue exceeding expenses. The organization holds $610K in liabilities against $1.1M in assets (debt-to-asset ratio: 53.1%), resulting in net assets of $539K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $829K | $1.1M | $610K | — | View 990 |
| 2022 | $931K | $1.1M | $272K | $90K | — | — |
Data Sources and Methodology
This transparency report for Altar Global 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.