Parkinson Association of Alabama Inc

Analysis

Parkinson Association of Alabama Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Parkinson Association of Alabama Inc reported income of $3.1m and spending of $616k, leaving 80% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $410k to $3.1m (+655%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 578%. Over the whole period it spent 36% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parkinson Association of Alabama Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 93rd percentile within AL. Charities of a similar size with the same main cause include Dearborn Community Foundation Inc ($3.1m), United Samaritans Foundation ($3.1m) and Ecdc Enterprise Development Group ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $80k (13% of expenses). Other salaries and wages came to $56k. At year end it held assets of $3.1m against liabilities of $135k, net assets of $3.0m. It reported 5 employees.