Alabama Poverty Project Incorporated

Analysis

Alabama Poverty Project Incorporated is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 1993, 33 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 Poverty Project Incorporated reported income of $523k and spending of $811k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $609k to $523k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alabama Poverty Project Incorporated sits at the 65th percentile: it is larger than about 65% 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 Back on Track Addiction & Homeless Support ($523k), Haydens House of Healing Inc ($523k) and Innovation Dupage ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $123k (15% of expenses). Other salaries and wages came to $219k. At year end it held assets of $316k against liabilities of $43, net assets of $316k. It reported 6 employees.