Mobile Carnival Association Inc

Analysis

Mobile Carnival Association Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in June 1965, 61 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Mobile Carnival Association Inc reported income of $1.9m and spending of $2.0m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mobile Carnival Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include Hartford Independent Agricultural Society ($1.9m), Nashville United Soccer Academy ($1.9m) and Irvine Soccer Club ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 51% of the total. At year end it held assets of $3.3m against liabilities of $250k, net assets of $3.0m.