Altiora Fund
Altiora Fund consistently grows assets with stable expenses and no reported officer compensation.
EIN: 201992844 · Cincinnati, OH · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $511K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $13.8M |
| Transparency Score | 90/100 |
Is Altiora Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Altiora Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Altiora Fund
Altiora Fund (EIN: 201992844) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code B112. The organization reported total revenue of $4.9M and total assets of $14.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Altiora Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Altiora Fund is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $511K |
| Surplus / Deficit | +$548K |
| Total Assets | $14.2M |
| Total Liabilities | $422K |
| Net Assets | $13.8M |
| Operating Margin | 51.8% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 334.7 months |
Financial Health Grade: A
In 2023, Altiora Fund reported a surplus of $548K with revenue exceeding expenses, holds 334.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Altiora Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.5% | -0.2% | +12.8% |
| 2022 | +66.7% | +7.4% | -2.8% |
| 2021 | +26.8% | -6.2% | +8.8% |
| 2020 | +51.3% | -0.2% | +6.6% |
| 2019 | +11.7% | +3.9% | +11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Altiora Fund with a Mission Score of 90 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, Altiora Fund 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $548K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Altiora Fund consistently reports 0% officer compensation across all 13 filings, which is highly unusual for an organization with assets exceeding $14 million. This suggests a volunteer-led executive team or that executive compensation is covered by an external entity, indicating a strong commitment to directing funds towards the mission.
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 Altiora Fund's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting granular spending efficiency analysis.
Strengths
The following positive indicators were identified for Altiora Fund:
- 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.
Frequently Asked Questions about Altiora Fund
Is Altiora Fund a legitimate charity?
Altiora Fund (EIN: 201992844) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.9M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Altiora Fund spend its money?
Altiora Fund directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Altiora Fund tax-deductible?
Altiora Fund is registered as a tax-exempt nonprofit (EIN: 201992844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Altiora Fund CEO make?
Altiora Fund's highest-compensated officer earns $14 annually. The organization reported $4.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Altiora Fund's spending goes to programs?
Altiora Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Altiora Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Altiora Fund is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Altiora Fund located?
Altiora Fund is headquartered in Cincinnati, Ohio and files with the IRS under EIN 201992844. It is classified under NTEE code B112.
How many years of IRS 990 filings does Altiora Fund have?
Altiora Fund has 13 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 $4.9M in total revenue.
Is Altiora Fund a good charity?
Based on the provided financial data, Altiora Fund appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, low liabilities, and a remarkable commitment to not paying officer compensation, suggesting a high dedication to its mission.
How has Altiora Fund's financial health changed over time?
Altiora Fund's financial health has consistently improved over time. Assets have grown from $9,046,438 in 2015 to $14,246,763 in 2023, while liabilities have remained very low, indicating strong financial stability and growth.
What is Altiora Fund's spending efficiency?
Altiora Fund demonstrates high spending efficiency. Expenses have remained relatively stable, typically around $500,000 annually, even as revenue has fluctuated and assets have grown significantly. For example, in 2023, expenses were $510,727 against $1,058,880 in revenue, indicating a substantial portion of revenue is not consumed by operational costs.
Filing History
IRS 990 filing history for Altiora Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Altiora Fund's revenue has grown by 132%, moving from $456K to $1.1M. Total assets increased by 65.6% over the same period, from $8.6M to $14.2M. Total functional expenses rose by 34.1%, from $381K to $511K. In its most recent filing year (2023), Altiora Fund reported a surplus of $548K, with revenue exceeding expenses. The organization holds $422K in liabilities against $14.2M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $511K | $14.2M | $422K | — | View 990 |
| 2022 | $2.0M | $512K | $12.6M | $928 | — | View 990 |
| 2021 | $1.2M | $476K | $13.0M | $4K | — | View 990 |
| 2020 | $937K | $508K | $11.9M | $58K | — | — |
| 2019 | $619K | $509K | $11.2M | $105K | — | View 990 |
| 2018 | $554K | $490K | $10.1M | $30K | — | View 990 |
| 2017 | $1.3M | $575K | $10.4M | $1K | — | View 990 |
| 2016 | $620K | $486K | $9.4M | $1K | — | View 990 |
| 2015 | $238K | $573K | $9.0M | $700 | — | View 990 |
| 2014 | $943K | $752K | $9.8M | $54K | — | View 990 |
| 2013 | $1.1M | $594K | $9.9M | $115K | — | View 990 |
| 2012 | $688K | $401K | $9.0M | $6K | — | View 990 |
| 2011 | $456K | $381K | $8.6M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $511K, and assets of $14.2M (revenue -46.5% year-over-year).
- 2022: Revenue of $2.0M, expenses of $512K, and assets of $12.6M (revenue +66.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $476K, and assets of $13.0M (revenue +26.8% year-over-year).
- 2020: Revenue of $937K, expenses of $508K, and assets of $11.9M (revenue +51.3% year-over-year).
- 2019: Revenue of $619K, expenses of $509K, and assets of $11.2M (revenue +11.7% year-over-year).
- 2018: Revenue of $554K, expenses of $490K, and assets of $10.1M (revenue -56.0% year-over-year).
- 2017: Revenue of $1.3M, expenses of $575K, and assets of $10.4M (revenue +103.1% year-over-year).
- 2016: Revenue of $620K, expenses of $486K, and assets of $9.4M (revenue +160.2% year-over-year).
- 2015: Revenue of $238K, expenses of $573K, and assets of $9.0M (revenue -74.7% year-over-year).
- 2014: Revenue of $943K, expenses of $752K, and assets of $9.8M (revenue -10.6% year-over-year).
- 2013: Revenue of $1.1M, expenses of $594K, and assets of $9.9M (revenue +53.3% year-over-year).
- 2012: Revenue of $688K, expenses of $401K, and assets of $9.0M (revenue +50.7% year-over-year).
- 2011: Revenue of $456K, expenses of $381K, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Altiora Fund:
Data Sources and Methodology
This transparency report for Altiora Fund 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.