South Alabama Medical Science Foundation

Analysis

South Alabama Medical Science Foundation is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, South Alabama Medical Science Foundation reported income of $1.2m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.1m to $1.2m (-41%), an average of -12% a year. The sharpest change came in the year to September 2020, when income dropped by 35%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Alabama Medical Science Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Justice Access Support and Solutions for Health ($1.2m), Mohegan Volunteer Fire Association Volunteer Ambulance Corps Inc ($1.2m) and Employers Forum of Indiana Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 64% of the total. At year end it held assets of $11.3m against liabilities of $63k, net assets of $11.3m.