Alabama Small Business Development Initiative

Analysis

Alabama Small Business Development Initiative is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 Small Business Development Initiative reported income of $265k and spending of $232k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $741k to $265k (-64%), an average of -40% a year. The sharpest change came in the year to December 2022, when income dropped by 75%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Small Business Development Initiative sits at the 58th percentile: it is larger than about 58% 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 True Texas Education Corporation ($265k), Abate of Kansas Inc ($265k) and Habitat for Humanity International Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $262k against liabilities of $0, net assets of $262k.