Alcap Education

Analysis

Alcap Education is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 1953, 73 years ago. 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, Alcap Education reported income of $86k and spending of $83k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $153k to $86k (-44%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 465%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alcap Education sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within AL. Charities of a similar size with the same main cause include Mountlake Terrace High School Music Boosters ($86k), The Depot Artists Assoc ($86k) and New London County Historical Society Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $687k against liabilities of $1,355, net assets of $686k. It reported 3 employees.