Friends of Hale County Foundation

Analysis

Friends of Hale County Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Friends of Hale County Foundation reported income of $132k and spending of $77k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $198k to $132k (-33%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Hale County Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within AL. Charities of a similar size with the same main cause include Alabama Boat Show and Expo ($132k), Anderson Valley Education Foundation ($132k) and Barnum Foundation for Life Inc ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $196k against liabilities of $0, net assets of $196k.