Altman Foundation
Altman Foundation maintains over $230M in assets with consistent expenses and no reported officer compensation.
EIN: 131623879 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $172.4M |
| Total Expenses | $18.4M |
| Program Spending | 85% |
| Net Assets | $275.9M |
| Transparency Score | 85/100 |
Is Altman Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Altman Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Altman Foundation
Altman Foundation (EIN: 131623879) is a nonprofit organization based in New York, NY. The organization reported total revenue of $172.4M and total assets of $286.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Altman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Altman Foundation is a major nonprofit that has been operating for 107 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.2M |
| Total Expenses | $18.4M |
| Surplus / Deficit | $-6,225,780 |
| Total Assets | $283.3M |
| Total Liabilities | $7.5M |
| Net Assets | $275.9M |
| Operating Margin | -51.2% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 184.8 months |
Financial Health Grade: B
In 2023, Altman Foundation reported a deficit of $6.2M with expenses exceeding revenue, holds 184.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Altman Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.0% | -10.0% | +2.2% |
| 2022 | -53.5% | +0.1% | -13.9% |
| 2021 | +23.5% | +4.4% | +9.7% |
| 2020 | +6.6% | +11.7% | +9.0% |
| 2019 | +83.1% | +8.0% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1919 |
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 Altman Foundation 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, Altman Foundation 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 deficit of $6.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.6%.
Executive Compensation Analysis
The Altman Foundation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and asset base, suggesting either a fully volunteer executive team or that compensation is categorized differently.
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 Altman Foundation's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization with over $200M in assets and significant annual expenses, potentially indicating a lack of transparency in compensation reporting.
- NTEE code is unknown, making it difficult to benchmark financial performance against similar organizations or understand its specific charitable focus.
Strengths
The following positive indicators were identified for Altman Foundation:
- Strong financial stability with assets consistently exceeding $230M and low liabilities relative to assets.
- Consistent operational activity over a decade, indicating a well-established and ongoing philanthropic effort.
- Low liabilities, typically below $8.2M, demonstrating sound financial management and minimal debt burden.
Frequently Asked Questions about Altman Foundation
Is Altman Foundation a legitimate charity?
Altman Foundation (EIN: 131623879) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $172.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Altman Foundation spend its money?
Altman Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Altman Foundation tax-deductible?
Altman Foundation is registered as a tax-exempt nonprofit (EIN: 131623879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Altman Foundation's spending goes to programs?
Altman Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Altman Foundation located?
Altman Foundation is headquartered in New York, New York and files with the IRS under EIN 131623879.
How many years of IRS 990 filings does Altman Foundation have?
Altman 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 $172.4M in total revenue.
How does the Altman Foundation manage to report 0% officer compensation across all filings?
This could indicate a fully volunteer executive team, or that executive compensation is reported under different expense categories not captured in the 'Officer Comp' summary, or potentially through a related entity.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without the full IRS 990 forms, a precise breakdown is not available from the provided summary data. This information is crucial for a complete assessment of spending efficiency.
What is the primary purpose or mission of the Altman Foundation?
The NTEE code is unknown, and the provided financial data does not specify the foundation's mission or program areas, which is essential for understanding its impact.
Filing History
IRS 990 filing history for Altman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Altman Foundation's revenue has declined by 5.4%, moving from $12.9M to $12.2M. Total assets increased by 21.1% over the same period, from $234.0M to $283.3M. Total functional expenses rose by 29.5%, from $14.2M to $18.4M. In its most recent filing year (2023), Altman Foundation reported a deficit of $6.2M, with expenses exceeding revenue. The organization holds $7.5M in liabilities against $283.3M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $275.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.2M | $18.4M | $283.3M | $7.5M | — | View 990 |
| 2022 | $13.8M | $20.4M | $277.4M | $8.2M | — | View 990 |
| 2021 | $29.7M | $20.4M | $322.2M | $4.7M | — | View 990 |
| 2020 | $24.1M | $19.6M | $293.7M | $4.9M | — | View 990 |
| 2019 | $22.6M | $17.5M | $269.5M | $5.5M | — | — |
| 2015 | $12.3M | $16.2M | $241.2M | $4.2M | — | View 990 |
| 2014 | $27.3M | $16.6M | $254.9M | $3.9M | — | View 990 |
| 2013 | $14.6M | $16.2M | $258.6M | $4.3M | — | View 990 |
| 2012 | $9.0M | $14.2M | $242.8M | $4.0M | — | View 990 |
| 2011 | $12.9M | $14.2M | $234.0M | $5.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.2M, expenses of $18.4M, and assets of $283.3M (revenue -12.0% year-over-year).
- 2022: Revenue of $13.8M, expenses of $20.4M, and assets of $277.4M (revenue -53.5% year-over-year).
- 2021: Revenue of $29.7M, expenses of $20.4M, and assets of $322.2M (revenue +23.5% year-over-year).
- 2020: Revenue of $24.1M, expenses of $19.6M, and assets of $293.7M (revenue +6.6% year-over-year).
- 2019: Revenue of $22.6M, expenses of $17.5M, and assets of $269.5M (revenue +83.1% year-over-year).
- 2015: Revenue of $12.3M, expenses of $16.2M, and assets of $241.2M (revenue -54.9% year-over-year).
- 2014: Revenue of $27.3M, expenses of $16.6M, and assets of $254.9M (revenue +87.3% year-over-year).
- 2013: Revenue of $14.6M, expenses of $16.2M, and assets of $258.6M (revenue +61.7% year-over-year).
- 2012: Revenue of $9.0M, expenses of $14.2M, and assets of $242.8M (revenue -29.8% year-over-year).
- 2011: Revenue of $12.9M, expenses of $14.2M, and assets of $234.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Altman Foundation:
Data Sources and Methodology
This transparency report for Altman 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.