Alabama Marines Foundation

Analysis

Alabama Marines Foundation is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Alabama Marines Foundation reported income of $145k and spending of $95k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $145k (+5.1%), an average of +5.1% a year. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alabama Marines Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within AL. Charities of a similar size with the same main cause include Red & Blue 12th Man Club ($145k), Gladbrook Community Foundation ($145k) and Baker Family Foundation of California ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $270k against liabilities of $0, net assets of $270k.