Alpha Wealth Foundation
Alpha Wealth Foundation is a private foundation, based in Park City, UT. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $585K in total assets. In 2024, it awarded 3 grants totaling $10K. Net investment income was $26K.
Alpha Wealth Foundation at a glance
In short: Alpha Wealth Foundation gave $10K across 3 grants in 2024 (avg $3K), mostly in Utah. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $9,705
- +198.6% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $3,235
- -0.5% vs 2023
- Median grant
- $2,505
- Total assets
- $585,199
- +286.4% vs 2023
- Primary geography
- Utah (74% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Alpha Wealth Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Wasatch Contemporary Dance Co ($6K). Together the top 3 received $10K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Alpha Wealth Foundation gives
- In 2024 it paid out 132% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $3K (2023) to $10K (2024). In 2024 it made 3 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wasatch Contemporary Dance Co Provo, UT | General Financial Support | $6,000 |
| National Scleroderma Foundation Pompano Beach, FL | General Financial Support | $2,505 |
| SALT Contemporary Dance Salt Lake City, UT | General Financial Support | $1,200 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $585,199 | $580,640 | $19,392 | $9,705 | 3 | $10,185 | $26,001 | $7,688 |
| 2023 | $151,462 | $91,778 | $6,838 | $3,250 | 1 | $3,779 | — | $5,311 |
| 2022 | $63,272 | $76,508 | $13,236 | — | — | $11,125 | — | $3,376 |
Under IRS private-foundation payout rules, Alpha Wealth Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Alpha Wealth Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Chase Thomas
Director
On filings since 2022
1 hr/week
No compensation reported
Harvey Sax
Director
On filings since 2022
1 hr/week
No compensation reported
Michael Torrence
Director
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Alpha Wealth Foundation
How much does Alpha Wealth Foundation give each year?
Alpha Wealth Foundation gave $10K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3K across 1 grant.
What is Alpha Wealth Foundation's typical grant size?
Alpha Wealth Foundation's median grant in 2024 was $2,505, and its average grant was $3,235, across 3 grants on its 2024 IRS Form 990-PF.
Where does Alpha Wealth Foundation give grants?
Alpha Wealth Foundation gives mostly in Utah: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (26%).
Does Alpha Wealth Foundation give general operating support?
Yes: 100% of Alpha Wealth Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Alpha Wealth Foundation?
Alpha Wealth Foundation reported $585K in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
What is Alpha Wealth Foundation's EIN?
Alpha Wealth Foundation's EIN (Employer Identification Number) is 92-0257161. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Live grants for the work Alpha Wealth Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Alpha Wealth Foundation's focus areas in our free grants database
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