Mobile Area Interfaith Conference Inc

Analysis

Mobile Area Interfaith Conference Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mobile Area Interfaith Conference Inc reported income of $831k and spending of $853k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $426k to $831k (+95%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mobile Area Interfaith Conference Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Central Indiana Kids Inc ($831k), Maximo Utility Working Group Muwg ($832k) and Holy Spirit Academy ($831k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $61k (7.2% of expenses). Other salaries and wages came to $360k. At year end it held assets of $120k against liabilities of $134k, net assets of -$14k. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.