Alabama Credit Union Foundation Inc

Analysis

Alabama Credit Union Foundation Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in January 2015, 11 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, Alabama Credit Union Foundation Inc reported income of $544k and spending of $303k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $544k (+54%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alabama Credit Union Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within AL. Charities of a similar size with the same main cause include Parkinson Association of SW FL Inc ($544k), Smile Inc ($544k) and Utah Diaper Bank ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $885k against liabilities of $0, net assets of $885k.