Alabama Association of Independent Colleges and Universities

Analysis

Alabama Association of Independent Colleges and Universities is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in April 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alabama Association of Independent Colleges and Universities reported income of $565k and spending of $489k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $501k to $565k (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alabama Association of Independent Colleges and Universities sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within AL. Charities of a similar size with the same main cause include Economic Awareness Council ($564k), Inclusive Entrepreneurs Foundation ($565k) and National Indian Head Start Directors Association ($564k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $181k (37% of expenses). Other salaries and wages came to $88k. At year end it held assets of $667k against liabilities of $21k, net assets of $647k.