Northeast Alabama Community College Foundation

Analysis

Northeast Alabama Community College Foundation is a registered charity in United States, based in Rainsville, AL. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Northeast Alabama Community College Foundation reported income of $112k and spending of $105k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $162k to $112k (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income rose by 337%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeast Alabama Community College Foundation 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 40th percentile, and in the 40th percentile within AL. Charities of a similar size with the same main cause include Carpenter School PTO ($112k), Newport News Scottish Rite Foundation ($112k) and Joshua Harr Shane Foundation Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.