Central Alabama Development Corporation

Analysis

Central Alabama Development Corporation is a registered charity in United States, based in Alex City, AL. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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, Central Alabama Development Corporation reported income of $65k and spending of $57k, spending 88% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $52k to $65k (+25%), an average of +25% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Alabama Development Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within AL. Charities of a similar size with the same main cause include David Adam Schoolman TR Under Art 4 ($65k), Blackstone Millville Music Association Inc ($65k) and Vashon Partners in Education a Nonprofit Corporation ($65k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 83% of the total. Other salaries and wages came to $2,703. At year end it held assets of $639k against liabilities of $3,000, net assets of $636k.