Ivy Center of Huntsville Madison County Foundation Inc

Analysis

Ivy Center of Huntsville Madison County Foundation Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in May 2007, 19 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, Ivy Center of Huntsville Madison County Foundation Inc reported income of $85k and spending of $55k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $385k to $85k (-78%), an average of -53% a year. The sharpest change came in the year to December 2020, when income dropped by 85%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ivy Center of Huntsville Madison County Foundation Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within AL. Charities of a similar size with the same main cause include Centro de Ensenanza Para LA Familia Inc ($85k), Heart of Unlimited Boundaries ($85k) and United Church of Christ Transition House ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $16k (30% of expenses). At year end it held assets of $700k against liabilities of $101k, net assets of $599k.