Central Alabama Community Foundation Inc

Analysis

Central Alabama Community Foundation Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Central Alabama Community Foundation Inc reported income of $12.3m and spending of $7.5m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.3m to $12.3m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Central Alabama Community Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Child Saving Institute Foundation Inc ($12.2m), United Way Inc ($12.3m) and New Mexico Community Foundation ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $109k (1.4% of expenses). Other salaries and wages came to $191k. At year end it held assets of $98.2m against liabilities of $1.9m, net assets of $96.4m. It reported 4 employees.