Alabama Folklife Association Inc

Analysis

Alabama Folklife Association Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Folklife Association Inc reported income of $123k and spending of $132k, spending 107% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $141k to $123k (-13%), an average of -13% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alabama Folklife Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within AL. Charities of a similar size with the same main cause include Korean Literature Society Ofamerica ($123k), Sandyvale Cemetery Association Inc ($123k) and Historic Hope Foundation Inc ($123k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. At year end it held assets of $128k against liabilities of $4,083, net assets of $124k.