Hoover City Schools Foundation Inc

Analysis

Hoover City Schools Foundation Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hoover City Schools Foundation Inc reported income of $115k and spending of $100k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $115k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hoover City Schools Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within AL. Charities of a similar size with the same main cause include Officer Sean a Collier Memorial Fund Inc ($115k), STEM Atlanta Women ($115k) and Society for the Study of Occupation USA ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $23k (23% of expenses). At year end it held assets of $172k against liabilities of $0, net assets of $172k.