Community Foundation of Northeast Alabama

Analysis

Community Foundation of Northeast Alabama is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in July 1939, 87 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Community Foundation of Northeast Alabama reported income of $19.4m and spending of $5.3m, leaving 73% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.7m to $19.4m (+242%), an average of +36% a year. The sharpest change came in the year to September 2023, when income rose by 128%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Northeast Alabama sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Gordon Christian Trust ($19.4m), The Community Foundation for the Csra ($19.4m) and Slave 2 Nothing Foundation ($19.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $249k (4.7% of expenses). Other salaries and wages came to $733k. At year end it held assets of $71.4m against liabilities of $4.3m, net assets of $67.0m. It reported 28 employees.