Horatio Alger Association Of Distinguished Americans Inc
Horatio Alger Association maintains strong assets and consistent revenue, reporting 0% officer compensation.
EIN: 131669975 · Alexandria, VA · NTEE: B82Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $40.0M |
| Total Expenses | $29.7M |
| Program Spending | 75% |
| Net Assets | $16.7M |
| Transparency Score | 85/100 |
Is Horatio Alger Association Of Distinguished Americans Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horatio Alger Association Of Distinguished Americans Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horatio Alger Association Of Distinguished Americans Inc
Horatio Alger Association Of Distinguished Americans Inc (EIN: 131669975) is a nonprofit organization based in Alexandria, VA, classified under NTEE code B82Z. The organization reported total revenue of $40.0M and total assets of $39.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horatio Alger Association Of Distinguished Americans Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horatio Alger Association Of Distinguished Americans Inc is a large nonprofit that has been operating for 74 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.1M |
| Total Expenses | $29.7M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $40.8M |
| Total Liabilities | $24.1M |
| Net Assets | $16.7M |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 59.1% |
| Months of Reserves | 16.5 months |
Financial Health Grade: A
In 2023, Horatio Alger Association Of Distinguished Americans Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 59.1% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Horatio Alger Association Of Distinguished Americans Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.5% | +9.1% | +0.8% |
| 2022 | +10.3% | +17.1% | -26.9% |
| 2021 | -25.0% | +8.1% | -5.2% |
| 2020 | -9.2% | -31.9% | +5.8% |
| 2019 | -13.7% | +12.8% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 Horatio Alger Association Of Distinguished Americans 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Horatio Alger Association Of Distinguished Americans Inc 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 surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly favorable for donor confidence and resource allocation.
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 Horatio Alger Association Of Distinguished Americans Inc:
- Consistent revenue generation, with $31,058,997 in 2023.
- Strong asset base, with $40,756,109 in 2023.
- Reported 0% officer compensation across all filings, indicating high efficiency in executive overhead.
- Generally positive net income or manageable deficits in most recent years, such as the $1,343,656 surplus in 2023.
- Long filing history (14 filings) demonstrating consistent compliance and transparency.
Frequently Asked Questions about Horatio Alger Association Of Distinguished Americans Inc
Is Horatio Alger Association Of Distinguished Americans Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horatio Alger Association Of Distinguished Americans Inc (EIN: 131669975) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Horatio Alger Association Of Distinguished Americans Inc spend its money?
Horatio Alger Association Of Distinguished Americans Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horatio Alger Association Of Distinguished Americans Inc tax-deductible?
Horatio Alger Association Of Distinguished Americans Inc is registered as a tax-exempt nonprofit (EIN: 131669975). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Horatio Alger Association Of Distinguished Americans Inc's spending goes to programs?
Horatio Alger Association Of Distinguished Americans Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horatio Alger Association Of Distinguished Americans Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horatio Alger Association Of Distinguished Americans Inc is above average for NTEE category B82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horatio Alger Association Of Distinguished Americans Inc located?
Horatio Alger Association Of Distinguished Americans Inc is headquartered in Alexandria, Virginia and files with the IRS under EIN 131669975. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Horatio Alger Association Of Distinguished Americans Inc have?
Horatio Alger Association Of Distinguished Americans Inc has 14 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 $40.0M in total revenue.
Is Horatio Alger Association a good charity?
Based on the available financial data, the Horatio Alger Association appears to be a financially stable organization with substantial assets and consistent revenue. The reported 0% officer compensation is a strong positive indicator of efficient resource allocation and transparency. However, a full assessment would benefit from a detailed breakdown of program spending versus administrative and fundraising costs.
How has the organization's financial health changed over time?
The organization has shown consistent revenue generation, generally ranging from $20 million to $34 million annually over the past decade. Assets have fluctuated, peaking around $58 million in 2020 and currently standing at $40,756,109 in 2023, demonstrating a robust financial foundation despite some year-to-year variations.
What is the trend in the organization's expenses?
Expenses have generally increased over the past decade, from $17,758,718 in 2014 to $29,715,341 in 2023. While expenses have grown, they have largely remained below or close to revenue, indicating responsible financial management, with a surplus of over $1.3 million in 2023.
Filing History
IRS 990 filing history for Horatio Alger Association Of Distinguished Americans Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Horatio Alger Association Of Distinguished Americans Inc's revenue has grown by 57.8%, moving from $19.7M to $31.1M. Total assets decreased by 54.7% over the same period, from $89.9M to $40.8M. Total functional expenses rose by 106.8%, from $14.4M to $29.7M. In its most recent filing year (2023), Horatio Alger Association Of Distinguished Americans Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $24.1M in liabilities against $40.8M in assets (debt-to-asset ratio: 59.1%), resulting in net assets of $16.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.1M | $29.7M | $40.8M | $24.1M | — | — |
| 2022 | $22.4M | $27.2M | $40.4M | $26.0M | — | View 990 |
| 2021 | $20.3M | $23.3M | $55.3M | $34.7M | — | View 990 |
| 2020 | $27.1M | $21.5M | $58.4M | $34.1M | — | View 990 |
| 2019 | $29.8M | $31.6M | $55.2M | $33.5M | — | View 990 |
| 2018 | $34.6M | $28.0M | $57.2M | $31.3M | — | View 990 |
| 2017 | $33.3M | $29.5M | $46.0M | $26.2M | — | View 990 |
| 2016 | $29.3M | $24.5M | $46.3M | $30.6M | — | View 990 |
| 2015 | $20.8M | $18.4M | $30.8M | $20.0M | — | View 990 |
| 2014 | $15.7M | $17.8M | $28.3M | $19.6M | — | View 990 |
| 2013 | $15.9M | $15.5M | $27.8M | $17.2M | — | View 990 |
| 2012 | $17.0M | $15.1M | $27.3M | $16.9M | — | View 990 |
| 2011 | $16.7M | $14.8M | $26.2M | $17.9M | — | View 990 |
| 2010 | $19.7M | $14.4M | $89.9M | $17.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.1M, expenses of $29.7M, and assets of $40.8M (revenue +38.5% year-over-year).
- 2022: Revenue of $22.4M, expenses of $27.2M, and assets of $40.4M (revenue +10.3% year-over-year).
- 2021: Revenue of $20.3M, expenses of $23.3M, and assets of $55.3M (revenue -25.0% year-over-year).
- 2020: Revenue of $27.1M, expenses of $21.5M, and assets of $58.4M (revenue -9.2% year-over-year).
- 2019: Revenue of $29.8M, expenses of $31.6M, and assets of $55.2M (revenue -13.7% year-over-year).
- 2018: Revenue of $34.6M, expenses of $28.0M, and assets of $57.2M (revenue +3.8% year-over-year).
- 2017: Revenue of $33.3M, expenses of $29.5M, and assets of $46.0M (revenue +13.8% year-over-year).
- 2016: Revenue of $29.3M, expenses of $24.5M, and assets of $46.3M (revenue +41.2% year-over-year).
- 2015: Revenue of $20.8M, expenses of $18.4M, and assets of $30.8M (revenue +32.0% year-over-year).
- 2014: Revenue of $15.7M, expenses of $17.8M, and assets of $28.3M (revenue -0.9% year-over-year).
- 2013: Revenue of $15.9M, expenses of $15.5M, and assets of $27.8M (revenue -6.4% year-over-year).
- 2012: Revenue of $17.0M, expenses of $15.1M, and assets of $27.3M (revenue +1.8% year-over-year).
- 2011: Revenue of $16.7M, expenses of $14.8M, and assets of $26.2M (revenue -15.3% year-over-year).
- 2010: Revenue of $19.7M, expenses of $14.4M, and assets of $89.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horatio Alger Association Of Distinguished Americans Inc:
Data Sources and Methodology
This transparency report for Horatio Alger Association Of Distinguished Americans 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.