Eighth Street Community

Analysis

Eighth Street Community is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eighth Street Community reported income of $1.0m and spending of $893k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $705k to $1.0m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eighth Street Community sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Routt County Foundation for Senior Citizens Inc ($1.0m), Franklin County Agricultural Society ($1.0m) and M-Power Ministries ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $72k (8.1% of expenses). Other salaries and wages came to $481k. At year end it held assets of $869k against liabilities of $79k, net assets of $790k. It reported 30 employees.