Lurleen B Wallace Community College

Analysis

Lurleen B Wallace Community College is a registered charity in United States, based in Andalusia, AL. It received its IRS tax-exemption ruling in May 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lurleen B Wallace Community College reported income of $1.0m and spending of $478k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.0m (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lurleen B Wallace Community College sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Institute for Future Intelligence Inc ($1.0m), Denton Public School Foundation ($1.0m) and Castle Wood Terrace Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $7.2m against liabilities of $0, net assets of $7.2m.