Alabama Insurance & Risk Management Education Foundation

Analysis

Alabama Insurance & Risk Management Education Foundation is a registered charity in United States, based in Foley, AL. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Alabama Insurance & Risk Management Education Foundation reported income of $140k and spending of $103k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $140k (+8.0%), an average of +8.0% a year. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alabama Insurance & Risk Management Education Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within AL. Charities of a similar size with the same main cause include Im Big Now Learning Center Inc ($140k), Books for Classrooms ($140k) and Davidson Middle School PTO ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. At year end it held assets of $233k against liabilities of $1,975, net assets of $231k.