Alabama Home Builders Foundation

Analysis

Alabama Home Builders Foundation is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Alabama Home Builders Foundation reported income of $209k and spending of $102k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $209k (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alabama Home Builders Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AL. Charities of a similar size with the same main cause include Chino Hills Community Foundation ($209k), You First Foundation ($209k) and Tee Up Fore the Cure Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 9.6% of the total. At year end it held assets of $3.0m against liabilities of $58, net assets of $3.0m.