University of West Alabama Foundation

Analysis

University of West Alabama Foundation is a registered charity in United States, based in Livingston, AL. It received its IRS tax-exemption ruling in February 1993, 33 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, University of West Alabama Foundation reported income of $9.6m and spending of $5.8m, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $9.6m (+106%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 123%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of West Alabama Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Valley City State University Foundation ($9.6m), Tangram Inc ($9.6m) and Our Lady of the Woods Corporation ($9.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 11% of the total. At year end it held assets of $46.2m against liabilities of $26.5m, net assets of $19.7m.