Alabama Network of Family Resource Centers Inc

Analysis

Alabama Network of Family Resource Centers Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in July 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 September 2023, Alabama Network of Family Resource Centers Inc reported income of $729k and spending of $651k, spending 89% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $253k to $729k (+188%), an average of +42% a year. The sharpest change came in the year to September 2021, when income rose by 184%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alabama Network of Family Resource Centers Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include Colliers Community Services Inc ($729k), Dakota Hope Clinic ($729k) and James Lenox House Association Inc ($729k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $154k. At year end it held assets of $346k against liabilities of $4,960, net assets of $341k. It reported 5 employees.