Ivy Foundation of Montgomery Alabama Inc

Analysis

Ivy Foundation of Montgomery Alabama Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in May 2005, 21 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 Foundation of Montgomery Alabama Inc reported income of $263k and spending of $79k, leaving 70% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $118k to $263k (+123%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ivy Foundation of Montgomery Alabama Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within AL. Charities of a similar size with the same main cause include Mount Hope Montessori School Inc ($263k), Hope Comes Home ($264k) and Cherry Hill Food and Outreach Council ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $628k against liabilities of $296k, net assets of $331k.