Cahaba Foundation Inc

Analysis

Cahaba Foundation Inc is a registered charity in United States, based in Selma, AL. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Cahaba Foundation Inc reported income of $132k and spending of $58k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $132k (+180%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 169%. Over the whole period it spent 31% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cahaba Foundation Inc sits at the 42nd percentile: it is larger than about 42% 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 North 24th Street Business Improvement District Association ($132k), Westbrooke Apartments Inc ($133k) and Santa Maria Valley Community Foundation ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $532k against liabilities of $0, net assets of $532k.