Alabama Family Trust Corporation

Analysis

Alabama Family Trust Corporation is a registered charity in United States, based in Vestavia HLS, AL. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Family Trust Corporation reported income of $1.4m and spending of $920k, leaving 34% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.4m (+4.2%), an average of +1.0% a year. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alabama Family Trust Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within AL. Charities of a similar size with the same main cause include Humanitys Team ($1.4m), Child Care Links Association ($1.4m) and Rumford Group Home Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $177k (19% of expenses). Other salaries and wages came to $239k. At year end it held assets of $3.4m against liabilities of $665k, net assets of $2.7m. It reported 6 employees.