Alabama Asset Building Coalition

Analysis

Alabama Asset Building Coalition is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Asset Building Coalition reported income of $156k and spending of $170k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $156k (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alabama Asset Building Coalition sits at the 43rd percentile: it is larger than about 43% 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 Southwest Veterans Foundation LLC ($156k), Electric Kids Inc ($156k) and Fort Bend Care Center ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (60% of expenses). At year end it held assets of $198k against liabilities of $0, net assets of $198k. It reported 2 employees.