Community Foundation of South Alabama

Analysis

Community Foundation of South Alabama is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in June 1976, 50 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of South Alabama reported income of $9.2m and spending of $8.7m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.1m to $9.2m (+13%), an average of +3.1% a year. The sharpest change came in the year to September 2020, when income rose by 68%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of South Alabama sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Community Foundation of Orange County ($9.1m), Stanislaus Community Foundation ($9.2m) and Keweenaw Community Foundation ($9.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 48% of the total. Other salaries and wages came to $572k. At year end it held assets of $90.5m against liabilities of $2.3m, net assets of $88.2m. It reported 7 employees.