Community Foundation of Eastalabama Inc

Analysis

Community Foundation of Eastalabama Inc is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in April 2008, 18 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, Community Foundation of Eastalabama Inc reported income of $298k and spending of $417k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $298k (-70%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 77%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Eastalabama Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Parents of Watts Working with Youth and Adults ($298k), Royal Charter Properties Westchester Inc ($299k) and Beartooth Billings Clinic ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.7m against liabilities of $183, net assets of $1.7m. It reported 2 employees.