University of No Ala Foundation

Analysis

University of No Ala Foundation is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in November 1981, 45 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 September 2023, University of No Ala Foundation reported income of $24.2m and spending of $8.6m, leaving 64% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.2m to $24.2m (+663%), an average of +66% a year. The sharpest change came in the year to September 2022, when income rose by 131%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of No Ala Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Asu Prep Global Academy ($24.1m), Quad Preparatory School ($24.2m) and College Preparatory School ($24.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $70.4m against liabilities of $2.0m, net assets of $68.4m.