Alma Randolph Charitable Foundation Inc

Analysis

Alma Randolph Charitable Foundation Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Alma Randolph Charitable Foundation Inc reported income of $75k and spending of $133k, spending 176% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $139k to $75k (-46%), an average of -46% a year. The sharpest change came in the year to June 2024, when income dropped by 46%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alma Randolph Charitable Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include Mills Community House Association ($75k), Harraseeket Foundation ($75k) and Diffvelopment ($75k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $107, net assets of $29k.