The Alabama-West Florida United Methodist Development Fund Inc

Analysis

The Alabama-West Florida United Methodist Development Fund Inc is a registered charity in United States, based in Dothan, AL. It received its IRS tax-exemption ruling in March 1988, 38 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, The Alabama-West Florida United Methodist Development Fund Inc reported income of $325k and spending of $239k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $446k to $325k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Alabama-West Florida United Methodist Development Fund Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within AL. Charities of a similar size with the same main cause include Sherman Community Players ($325k), Down Syndrome Association of Orange County ($325k) and St Augustine Ballet Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 41% of the total. At year end it held assets of $11.2m against liabilities of $8.7m, net assets of $2.5m.