Alabama Educational Foundation and Indian Springs School a Corporatio

Analysis

Alabama Educational Foundation and Indian Springs School a Corporatio is a registered charity in United States, based in Indian SPGS, AL. It received its IRS tax-exemption ruling in August 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Alabama Educational Foundation and Indian Springs School a Corporatio reported income of $14.0m and spending of $15.7m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.7m to $14.0m (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alabama Educational Foundation and Indian Springs School a Corporatio 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 96th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Access Bronx Charter School ($14.0m), Kiskiminetas Springs School ($14.0m) and BDC a Public Charter School Inc ($14.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.0m (6.4% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $44.1m against liabilities of $11.7m, net assets of $32.4m. It reported 86 employees.