Univ of South Alabama Foundation for Research and Commercialization

Analysis

Univ of South Alabama Foundation for Research and Commercialization is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Univ of South Alabama Foundation for Research and Commercialization reported income of $189k and spending of $194k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $560k to $189k (-66%), an average of -24% a year. The sharpest change came in the year to September 2023, when income dropped by 83%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Univ of South Alabama Foundation for Research and Commercialization sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Pleiades Network Inc ($189k), Leonard Education Organization Inc ($189k) and C W Cline Primary School Parents and Teachers Organization ($189k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.