Smart Home Alabama Inc

Analysis

Smart Home Alabama Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Smart Home Alabama Inc reported income of $764k and spending of $705k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $764k (+252%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Smart Home Alabama Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include Southeastern Housing Foundation II ($764k), Fair Housing Council of Northern New Jersey ($764k) and Housing Help Plus ($764k).

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 $126k (18% of expenses). Other salaries and wages came to $326k. At year end it held assets of $574k against liabilities of $39k, net assets of $535k. It reported 7 employees.