Mobile United

Analysis

Mobile United is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Mobile United reported income of $169k and spending of $177k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $171k to $169k (-1.0%), an average of -0.2% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mobile United sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within AL. Charities of a similar size with the same main cause include Downtown Honesdale Revitalization Inc ($169k), Scissortail Community Development Corporation ($169k) and Becks Place ($169k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $51k (29% of expenses). Other salaries and wages came to $32k. At year end it held assets of $66k against liabilities of $2,868, net assets of $63k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.