Alabama Historic Ironworks Commission

Analysis

Alabama Historic Ironworks Commission is a registered charity in United States, based in MC Calla, AL. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Alabama Historic Ironworks Commission reported income of $2.5m and spending of $2.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alabama Historic Ironworks Commission sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within AL. Charities of a similar size with the same main cause include Prince Georges Arts and Humanities Council Inc ($2.5m), Cortico Corporation ($2.5m) and Springer Opera House Arts Association Inc ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 70% of the total. Other salaries and wages came to $606k. At year end it held assets of $4.4m against liabilities of $2.1m, net assets of $2.3m. It reported 52 employees.