West Alabama Chamber Foundation Inc

Analysis

West Alabama Chamber Foundation Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in April 1987, 39 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, West Alabama Chamber Foundation Inc reported income of $437k and spending of $249k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $752k to $437k (-42%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Alabama Chamber Foundation Inc 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 68th percentile, and in the 71st percentile within AL. Charities of a similar size with the same main cause include Lutheran Social Services of South Dakota Foundation Inc ($437k), Northwest Institute for Contemporary Learning ($437k) and Shmira Community Services Inc ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 0.7% of the total. At year end it held assets of $2.8m against liabilities of $2.1m, net assets of $757k.