The University of South Alabama Professional Liability Trust Fund

Analysis

The University of South Alabama Professional Liability Trust Fund is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in May 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The University of South Alabama Professional Liability Trust Fund reported income of $9.3m and spending of $10.8m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $17.9m to $9.3m (-48%), an average of -15% a year. The sharpest change came in the year to September 2020, when income dropped by 46%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The University of South Alabama Professional Liability Trust Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include New Glarus Home Inc ($9.3m), Hospice of Lenawee Inc ($9.3m) and YWCA Hartford Region Inc ($9.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $315k. At year end it held assets of $49.7m against liabilities of $0, net assets of $49.7m.