Alabama Alliance for Arts Education Inc

Analysis

Alabama Alliance for Arts Education Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in August 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 September 2023, Alabama Alliance for Arts Education Inc reported income of $399k and spending of $503k, spending 126% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income fell from $435k to $399k (-8.2%), an average of -4.2% a year. The sharpest change came in the year to September 2022, when income dropped by 18%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Alliance for Arts Education Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within AL. Charities of a similar size with the same main cause include The Dream Factory Inc Headquarters ($399k), Rock Ranch ($399k) and Paralyzed Veterans of America ($399k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $66k (13% of expenses). At year end it held assets of $305k against liabilities of $62k, net assets of $243k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.