Alabama a & M University Foundation

Analysis

Alabama a & M University Foundation is a registered charity in United States, based in Normal, AL. It received its IRS tax-exemption ruling in April 1970, 56 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Alabama a & M University Foundation reported income of $1.2m and spending of $460k, leaving 62% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $947k to $1.2m (+27%), an average of +8.2% a year. The sharpest change came in the year to September 2023, when income rose by 189%. Over the whole period it spent 157% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama a & M University Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Terry Home a Non-Profit Corporation ($1.2m), H C Housing Inc ($1.2m) and Rehabilitation Institute Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $20k. At year end it held assets of $20.3m against liabilities of $15.0m, net assets of $5.3m.