Joel L Altman Charitable Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Joel L Altman Charitable Foundation Inc is a 501(c)(3) organization based in Boca Raton, Florida, registered in 2014, with $1,342,334 in FY2024 revenue. CharityIndex grades it C+.
1515 S Federal Hwy Ste 300, Boca Raton, FL, 33432 EIN 26-4789610 Since 2014
Revenue (FY2024)
$1.3M
▲ 4.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$901K
Net assets
$968K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Joel L Altman Charitable Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Joel L Altman Charitable Foundation Inc: 13 mo reserves · +33% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Joel L Altman Charitable Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Joel L Altman Charitable Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1515 S Federal Hwy Ste 300, Boca Raton, FL, 33432
- City
- Boca Raton
- State
- Florida
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $10K (FY2014) to $1.3M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $102KNet assets $968K
Operating margin
32.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$102K
Net assets
$968K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,342,334▲4.6% | $901,386▲11.3% | $967,752▲16.7% | $1,069,825▲19.4% | 990PF |
| 2023 | $1,282,989▲338% | $809,953▲29.3% | $829,462▲6.7% | $895,786▼0.5% | 990PF |
| 2022 | $292,670▼83.6% | $626,262▲1.1% | $777,490▼30.0% | $900,100▼19.1% | 990PF |
| 2021 | $1,787,552▲926% | $619,424▲180% | $1,111,082▲48.8% | $1,112,414▲49.0% | 990PF |
| 2020 | $174,187▲611% | $221,515▲111% | $746,473▼6.0% | $746,595▼6.3% | 990PF |
| 2019 | $24,516▼97.6% | $104,847▲84.8% | $793,801▼9.2% | $796,673▼8.9% | 990PF |
| 2018 | $1,038,751▲313% | $56,724▲5339% | $874,132▲231% | $874,255▲230% | 990PF |
| 2017 | $251,749▲2417% | $1,043▼13.7% | $263,760▲1921% | $264,883▲1768% | 990PF |
| 2016 | $10,002 | $1,209▼77.7% | $13,054▲206% | $14,177▼3.2% | 990PF |
| 2015 | $10,002 | $5,422▼47.5% | $4,261▲1436% | $14,641▲46.4% | 990PF |
| 2014 | $10,000 | $10,319 | -$319 | $10,000 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Joel L Altman Charitable Foundation Inc a legitimate nonprofit?
- Yes. Joel L Altman Charitable Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-4789610, based in Boca Raton, Florida. Donations are tax-deductible.
- What is Joel L Altman Charitable Foundation Inc's EIN?
- Joel L Altman Charitable Foundation Inc's Employer Identification Number (EIN) is 26-4789610.
- How much revenue does Joel L Altman Charitable Foundation Inc report?
- Joel L Altman Charitable Foundation Inc reported $1,342,334 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Joel L Altman Charitable Foundation Inc have?
- CharityIndex grades Joel L Altman Charitable Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Joel L Altman Charitable Foundation Inc (EIN 26-4789610) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.