Alabama Forest Resources Center Inc

Analysis

Alabama Forest Resources Center Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in July 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, Alabama Forest Resources Center Inc reported income of $30.2m and spending of $29.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.0m to $30.2m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 371%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Forest Resources Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Improving Economies for Stronger Communities ($30.2m), Porter-Leath ($30.2m) and Winston County Medical Foundation ($30.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $50k (0.2% of expenses). Other salaries and wages came to $92k. At year end it held assets of $6.2m against liabilities of $46k, net assets of $6.2m. It reported 2 employees.