Big Brothers Big Sisters of the Shoals Inc

Analysis

Big Brothers Big Sisters of the Shoals Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in September 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, Big Brothers Big Sisters of the Shoals Inc reported income of $515k and spending of $393k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $515k (+196%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 146%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers Big Sisters of the Shoals Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within AL. Charities of a similar size with the same main cause include Bonnyvale Environmental Education Center at Heifer Hill Inc ($515k), Heart of Appalachia Tourism Authority ($515k) and Leak Street Alumni Inc ($514k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $234k. At year end it held assets of $560k against liabilities of $13k, net assets of $548k. It reported 9 employees.