Alpha Wealth Foundation

Private foundation · Grantmaker Park City, UT EIN: 92-0257161

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.

Key facts about Alpha Wealth Foundation

In short: Alpha Wealth Foundation gave $10K across 3 grants in 2024 (avg $3K), mostly in Utah. Source: 2024 IRS Form 990-PF.

EIN
92-0257161
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$9,705
Grants made (2024)
3
Average grant
$3,235
Median grant
$2,505
Total assets
$585,199
Primary geography
Utah (74% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$585K

+286.4% YoY

Annual Giving

$10K

+198.6% YoY

Grant Count

3

+200.0% YoY

Avg Grant Size

$3K

-0.5% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 3 itemized grants.

States

Cities

ProvoPompano BeachSalt Lake City

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5K$5K$7.5K$10K0 grants2022 1 grant2023 3 grants2024

From 2023 to 2024, annual grant giving ranged from $3K (2023) to $10K (2024). In 2024 it made 3 grants totaling $10K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Wasatch Contemporary Dance Co: $6KWasatch Contemporary Dance Co$6KNational Scleroderma Foundation: $3KNational SclerodermaFoundation$3KSALT Contemporary Dance: $1KSALT Contemporary Dance$1K

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

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 4 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Wasatch Contemporary Dance Co Provo, UTGeneral Financial Support$6,000
National Scleroderma Foundation Pompano Beach, FLGeneral Financial Support$2,505
SALT Contemporary Dance Salt Lake City, UTGeneral Financial Support$1,200

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2022 2023 2024
Metric202420232022
Total Assets$585,199$151,462$63,272
Revenue$580,640$91,778$76,508
Expenses$19,392$6,838$13,236
Qualifying Distributions$10,185$3,779$11,125
Net Investment Income$26,001——
Distributable Amount$7,688$5,311$3,376

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2022–2024

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.

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