Alabama Council on Economic Education Inc

Analysis

Alabama Council on Economic Education Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 1969, 57 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 Council on Economic Education Inc reported income of $152k and spending of $223k, spending 146% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income grew from $138k to $152k (+11%), an average of +5.1% a year. The sharpest change came in the year to September 2022, when income rose by 66%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alabama Council on Economic Education Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within AL. Charities of a similar size with the same main cause include Ozaukee County Historical Society Inc ($152k), McEachern Band Boosters Inc ($152k) and High Point Historical Society Inc ($152k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $82k (37% of expenses). At year end it held assets of $141k against liabilities of $23k, net assets of $118k. It reported 2 employees.