Alabama Power Service Organization Inc

Analysis

Alabama Power Service Organization Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Alabama Power Service Organization Inc reported income of $187k and spending of $187k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $238k to $187k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alabama Power Service Organization Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Louisiana International Trade Foundation ($186k), Elevate Ccic Inc ($187k) and Brotherly Love Inc ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.