Mobile Area Education Foundation

Analysis

Mobile Area Education Foundation is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover unknown, 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 September 2023, Mobile Area Education Foundation reported income of $1.8m and spending of $1.8m, spending 99% of its income. Across the 6 years on record, from September 2019 to September 2023, income grew from $672k to $1.8m (+173%), an average of +22% a year. The sharpest change came in the year to September 2023, when income rose by 298%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mobile Area Education Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include Golden Age Home ($1.8m), Paducah Symphony Orchestra Inc ($1.8m) and Grand Island Young Mens Christian Assn ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $161k (8.9% of expenses). Other salaries and wages came to $290k. At year end it held assets of $1.1m against liabilities of $808k, net assets of $248k. It reported 4 employees.