Alabama Housing Authorities Education and Enrichment Fund Inc

Analysis

Alabama Housing Authorities Education and Enrichment Fund Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Alabama Housing Authorities Education and Enrichment Fund Inc reported income of $53k and spending of $32k, leaving 39% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income grew from $30k to $53k (+78%), an average of +21% a year. The sharpest change came in the year to September 2023, when income rose by 76%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Alabama Housing Authorities Education and Enrichment Fund Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within AL. Charities of a similar size with the same main cause include Hammond Hermits Athletic Association Inc ($53k), Board of Regents of the University of Wisconsin System ($53k) and Garden State Boy Scout Foundation ($53k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $625k against liabilities of $0, net assets of $625k.