Medical Foundation of Alabama Inc

Analysis

Medical Foundation of Alabama Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in November 1982, 44 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, Medical Foundation of Alabama Inc reported income of $1.2m and spending of $618k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $632k to $1.2m (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 208%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Foundation of Alabama Inc sits at the 80th percentile: it is larger than about 80% 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 Anne Grady Foundation ($1.2m), Alaska Native Health Board ($1.2m) and Beth Israel Medical Center Holding Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 64% of the total. At year end it held assets of $3.2m against liabilities of $2.5m, net assets of $666k.