Alabama Policy Institute Inc

Analysis

Alabama Policy Institute Inc is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in July 1981, 45 years ago. 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 December 2023, Alabama Policy Institute Inc reported income of $1.5m and spending of $1.2m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $617k to $1.5m (+143%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Policy Institute Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.5m), BCP Housing Corporation ($1.5m) and Robertson Enterprises Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $121k (10% of expenses). Other salaries and wages came to $197k. It paid $3,550 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $19k, net assets of $1.0m. It reported 8 employees.